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FY2023 CoC Annual NOFO Competition
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Project Budget Template
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Each project is required to complete the Project Budget Template and submit it with the other competition documents to kpryor@nocococ.org by 8/18/2023.
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Budget Narrative
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Please provide a written description of the project budget, including 1. type of project, 2. how requested HUD CoC grant funds will be used, 3. how many people will be served in a grant year, 4. other sources of income that support the project, and 5. sources and details about the match. Please do not list other leveraged resources that do not qualify as eligible match. This narrative provides context for the budget table below. Eligible CoC Program expenses are outlined in 24 CFR 578, Subpart D ; matching requirements are outlined in 24 CFR 578.7.
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24 CFR 578, Subpart D https://www.law.cornell.edu/cfr/text/24/part-578/subpart-D
24 CFR 578.7
https://www.law.cornell.edu/cfr/text/24/578.7
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Eligible Costs:
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When describing program costs, list the eligible cost along with the quantity. Describe the sources of cash or in-kind match as specifically as possible.
You may insert additional lines as needed if the program has multiple costs within an eligible cost category.
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Eligible Cost CategoriesQuantity AND DescriptionCoC Grant Funding Request AmountMATCH: Cash Funding AmountMATCH: Cash Funding SourceMATCH: In-Kind Estimated ValueMATCH: In-Kind SourceTotal Budget Funds
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Leased Units $ -
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Leased Structures $ -
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Rental Assistance $ -
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Supportive Services $ -
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Operating Costs $ -
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HMIS $ -
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Indirect Costs $ -
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Admin (10% max) $ -
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Total $ - $ - $ - $ -
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Percent Match
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0%
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Guidance
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Eligible Cost Categories
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Please review the Project Application Instructions to ensure you only report costs for cost categories for which your project is eligible.
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Quantity AND Description
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When describing program costs, list the eligible cost along with the quantity. For example, "1 FTE @ $45,000 including fringe benefits of $X" or "50 hours @ $25 per hour including fringe beneifts of $X."
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Cash and In-Kind Funding
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When listing other funds, you should include all kinds of state, local, and private funding sources.
HUD requires that all recipients of CoC Program funds “match” a portion of the CoC funds they receive. The match amount is 25% of the awarded grant amount minus funding for leasing. Match can be made through cash or in-kind resources. It is essential that you are able to maintain clear records of both cash and in-kind match. Please see HUD's CoC Match Overview for more guidance about statutory match requirements in the CoC Program Interim Rule:
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https://www.hudexchange.info/homelessness-assistance/coc-esg-virtual-binders/coc-match/coc-match-overview/
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Total
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Note that while the total amount in the Grant Funds column must exactly correspond to the amount of Annual NOFO funding you are asking for, the “Cash Funding Amount” and “In-Kind Estimated Value” columns are allowed to slightly exceed the amount of match funding you are claiming on your application.
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