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PHS 398 Modular Budget, Periods 1 and 2 OMB Number: 0925-0001 Budget Period: 1 Start Date: End Date: A. Direct Costs * Funds Requested ($) * Direct Cost less Consortium F&A Consortium F&A * Total

How to fill out phs 398 modular budget

How to fill out phs 398 modular budget:

1. Gather all necessary information: Start by collecting all required information and documents such as the funding opportunity announcement, budget instructions, and any other relevant guidelines. This will ensure that you have all the necessary information before starting to fill out the budget form.
2. Complete the budget form: Use the PHS 398 modular budget form provided by the funding agency. Begin by entering the project period and title, your organization's information, and the name of the principal investigator.
3. Identify the budget period: Divide the project period into budget periods according to the funding agency's guidelines. Each budget period represents a specific interval within the overall project duration, typically a year.
4. Enter direct costs: List all the direct costs associated with the project, including salaries, fringe benefits, supplies, travel expenses, and equipment. Provide a detailed breakdown of each cost category by budget period.
5. Indirect costs: Determine and include any allowable indirect costs based on your organization's indirect cost rate. Indirect costs are those that are not readily identifiable with a particular project but are necessary for the general operation of the organization.
6. Calculate total costs: Sum up the direct and indirect costs for each budget period to calculate the total costs for the entire project duration. Ensure that all calculations are accurate and consistent with the funding agency's guidelines.
7. Justify budget items: Provide a clear and concise justification for each budget item, explaining how it directly relates to the proposed project and its objectives. Justifications should be specific, realistic, and supported by relevant information or data.

Who needs phs 398 modular budget?

The phs 398 modular budget is typically required by federal funding agencies, such as the National Institutes of Health (NIH) or other organizations that provide funding for research projects. It is typically used for grant applications or proposals where a modular budget is allowed or specified in the funding opportunity announcement.

Researchers, principal investigators, and organizations applying for funding to support their research projects may need to fill out the phs 398 modular budget. It is important to review the specific requirements of the funding agency and the funding opportunity announcement to determine if the use of a modular budget is appropriate and necessary for your application.

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What is phs 398 modular budget?

The PHS 398 Modular Budget is a budget format used for modular grant applications to the National Institutes of Health (NIH).

Who is required to file phs 398 modular budget?

Researchers applying for NIH grants using the modular budget format are required to file the PHS 398 Modular Budget.

How to fill out phs 398 modular budget?

The PHS 398 Modular Budget can be filled out following the instructions provided by the NIH in the grant application guidelines.

What is the purpose of phs 398 modular budget?

The purpose of the PHS 398 Modular Budget is to simplify the budgeting process for NIH grant applications and ensure transparency in funding allocation.

What information must be reported on phs 398 modular budget?

The PHS 398 Modular Budget must include detailed budget information for personnel, equipment, supplies, travel, and other expenses related to the research project.