A pro forma (projected) budget should include all expenses related to conducting the research project. Be sure to review costs for:
Personnel | |
Travel & Lodging | |
Mailing (postage) | |
Printing | |
Graphic Design | |
Equipment & Supplies |
A sample budget is given below. This was a longitudinal survey done at Lake Havasu City. It required on-site interviews of visitors at three different locations over a three month period.
Pro Forma Budget
Project Expenses | ||
Project Director | $ 1,000 | |
Survey Staff (2) | 2x$7/hr x 8hr x 2 days/month=$224/month x 5 months) | $ 1,120 |
Total Payroll | $ 2,120 | |
Social Security and Medicare | $ 162.18 | |
Worker’s Compensation | $ 21.20 | |
Unemployment Compensation Fund | $ 36.04 | |
Arizona State Withholding | $ 48.76 | |
Travel | $ 444 | |
* vehicle | (12 days x $37/day) | $ 648 |
* mileage | (300 miles/rt x 12 x$0.18/mile) | $ 300 |
Lodging | (1 rm @$79/night x 12 nights) | $ 948 |
Printing | (1,000 sheets @ .05/sheet) & Final Report | $ 100 |
Total Expenses | $ 4,828.18 |
Social Security and Medicare 0.0765 | |
Worker’s Compensation 0.01 | |
Unemployment Compensation Fund 0.017 | |
Arizona State Withholding 0.023 (required if in AZ or use the appropriate state withholding for your state, if applicable) |
Example: Social Security/Medicare - Total Employee Salaries $2,120 x .0765 = $162.18
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