What is the purpose of an itemized budget when not required by the sponsor?
To paraphrase a ORSP broadcast message of 5/13/04: “For modular grants, a detailed budget is no longer required by ORSP at the time of submission of the grant application. It will be required prior to award.” The reason a budget is required is that key personnel are still subject to review and ensure anticipated cost are consistent with the Cost Accounting Standards.
