How to Write a Budget Narrative for a Grant by Annie Sisk - Updated October 25, When you apply for a grant, you will usually be required to submit a proposed budget along with the rest of your proposal. In almost all cases, that budget needs to be accompanied by a budget narrative. This section of your grant proposal package helps explain and, more importantly, justify the numbers in your proposed budget. A strong, supported and well-written budget narrative helps convince the people in charge of awarding the grant that your organization and project are the winning bet among a diverse pool of candidates.
International economics[ edit ] Point X is unobtainable given the current "budget" constraints on production. A production-possibility frontier is a constraint in some ways analogous to a budget constraint, showing limitations on a country's production of multiple goods based on the limitation of available factors of production.
Under autarky this is also the limitation of consumption by individuals in the country. However, the benefits of international trade are generally demonstrated through allowance of a shift in the consumption-possibility frontiers of each trade partner which allows access to a more appealing indifference curve.
In the "toolbox" Hecksher-Ohlin and Krugman models of international trade, the budget constraint of the economy its CPF is determined by the terms-of-trade TOT as a downward-sloped line with slope equal to those TOTs of the economy.
Many goods[ edit ] While low-level demonstrations of budget constraints are often limited to less than two good situations which provide easy graphical representation, it is possible to demonstrate the relationship between multiple goods through a budget constraint.
In such a case, assuming there are n.Before you write your budget line, answer, in writing, each of these questions. Attach your budget lines to the bottom of this worksheet: WHY is this story worth writing? Line-Item Budget: Generally, a budget agreed upon with a funder that specifies how much of the funder's money will be spent on each line-item.
It could also refer to any budget that is broken out by line-item. A budget request is a business letter seeking funds for expenses and operating overhead for a project or department within an organization.
Less formal than a traditional business proposal, this request still must adhere to strict business writing decorum and provide . SAMPLE BUDGET: Line Item Examples NOTE: This is only a sample. Not all budgets will contain all the examples listed below.
Please only use items that pertain to your proposed project. National Endowment for Democracy Sample Budget (Jul) Example D. A line connecting all points of tangency between the indifference curve and the budget constraint is called the expansion path.
 All two dimensional budget constraints are generalized into the equation. Since the equation for the budget constraint defines a straight line, the budget constraint can be drawn by just connecting the dots that were plotted in the previous step.
Since the slope of a line is given by the change in y divided by change in x, the slope of this line is -9/6, or -3/2.