What document contains the year-specific project costs, including fund flows to approximate the timing of fund releases?
Question: What document contains the year-specific project costs, including fund flows to approximate the timing of fund releases?
If you are working on a project that requires funding from different sources, you may wonder what document contains the year-specific project costs, including fund flows to approximate the timing of fund releases. The answer is a project budget.
A project budget is a detailed plan that shows how much money you need for each year of the project, and how you will spend it. A project budget also shows how you will receive the funds from your donors, partners, or other sources, and when you will receive them. This helps you to manage your cash flow and avoid overspending or underspending.
A project budget usually consists of two parts: a budget narrative and a budget spreadsheet. The budget narrative explains the assumptions and calculations behind the numbers in the budget spreadsheet. The budget spreadsheet shows the breakdown of the project costs by year, category, and source of funds. It also shows the fund flows, which are the expected dates and amounts of fund releases from each source.
A project budget is an essential tool for planning, monitoring, and reporting on your project. It helps you to estimate the feasibility and sustainability of your project, as well as to communicate your needs and achievements to your stakeholders. A project budget also helps you to track your expenses and revenues, and to adjust your activities and resources accordingly.
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