Question

[Co-funder 1] [Co-funder 2] [Co-funder 3] [Co-funder 4] [Co-funder 5] Total External lacoat 100 Total INCOME 100 EXPENSES Amounts in $US SALARY SPECIFICATION: Haber Method of cost computation hours per Teck. I JUS an hour I Tecks Project staff manager Project coordinators) Administrative staff Technical production staff Financial coordinator Other Subto Specialists Consultant fees Accountant costs Bookkeeping costs Honoraris of lecturers Translation costs Other PR and printing costs Educational material Prints of material Mailings Advertisements Other Subtotal el and accomodation costs Travel costs Accomodation costs Hall rent Rent of cquipment (c.g. beamer) Transportation Food refreshments Other Subtotal Other cupcases Equipment costs (Please specify) Rent Material Costs Gencral office expenses stationary Internet, telephone and postage fees Banking fees Tax Insurance Legal fees Miscellaneous Other Subtotal Total EXPENSES BESERVE PERCENTAGE RESERVE TOTAL TOTAL EXPENSE INCLUDING RESERVE

Using the project budget template, prepare a budget for a project you are involved in.

Answer 1

Project : Pearson Hardman Law consultancy for a 1 month project
Co-Founders	Contribution in $
Mike Ross	2,00,00,000
Harvey	4,00,00,000
Racheal	1,00,00,000
Donna	3,00,00,000
Total External Income	10,00,00,000
Expenses	Amount in $US
		Salary specification
Salaries		Number of employees	Method of cost computation (Hours per week*No. of weeks*$US per hour)
Project staff manager	40,00,000	1	4000000	(10*4*100000)
Project Co-ordinator	48,00,000	2	2400000	(20*4*30000)
Administrative staff	1,60,00,000	5	3200000	(40*4*20000)
Technical/Production staff	6,00,000	1	600000	(5*4*30000)
Financial Coordinator	-	NA	NA	NA
Other	-	NA	NA	NA
Subtotal	2,54,00,000
Specialists
Consultant fees	10,00,000
Accountant Costs	5,00,000
Bookkeping costs	2,00,000
Honoraries of lecturars	1,00,000
Translation costs	50,000
Others	1,50,000
Subtotal	20,00,000
PR and printing costs
Educational Material	8,00,000
Prints of material	3,00,000
Mailings	4,40,000
Advertisments	9,60,000
Others	-
Subtotal	25,00,000
Travel and accomodation costs
Travel costs	8,50,000
Accomodation costs	3,50,000
Hall rent	3,00,000
Rent of equipment	2,00,000
Transportation	50,000
Food and refreshemnt	4,50,000
Others	1,00,000
Subtotal	23,00,000
Other Expenses
Equipment costs - Laptops, Furniture, VPN network etc.)	40,00,000
Rent	10,00,000
Material Costs	5,00,000
General office stationery	7,00,000
Internal, telephone etc	5,00,000
Banking fees	3,00,000
Tax	11,00,000
Insurance	19,00,000
Legal fees	6,00,000
Miscellaneous	15,00,000
Subtotal	1,21,00,000
TOTAL EXPENSES	4,43,00,000
Reserve Percentage	35%
Reserve Total	1,94,95,000
Total Expense including Reserve	6,37,95,000