Grant Budget example (View only, download to edit)

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1	MusicNSW Grant Budget Example
2	Do not use the below as a basis for your budget costs. This is a ficticious example of a budget that is not based on real quotes. It's important to always explain your budget rationale so the assessors feel confident in the project viability. You can also attach support materials such as quotes and in kind partnership support letters.
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4	RECORDING BUDGET EXAMPLE
5	ITEM	INCOME	DESCRIPTION	NOTES
6	This Grant	$22,974.63		This is the amount you are requesting from the funding body.
7	in kind - Venue Hire	$300.00	1 x day venue hire for rehearsal	In kind value is non-cash value - for services, products or discounts. If you're listing in kind value in income, make sure you also list it in expenditure to ensure it doesn't impact the total cash income available. What goes in must come out!
8	Album pre-sales (Estimated)	$2,000.00	Estimated based on the last pre-sales
9	Other	$5,000.00	Independant label support (covers promotion and vinyl production costs)
10	TOTALS	$30,274.63
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13	ITEM	EXPENDITURE	DESCRIPTION
14	Artist fees	$11,433.00	3 x artists fees (Applicant, Bassist & Drummer, see attached bios) for 1 day rehersal & 5 day studio recording (8hrs per day). find out more here https://musiciansunion.com.au/for-musicians/pay/	Make sure you pay yourself and any other artists (musicians) working on your project. Please note the live performance award and broadcasting and recording award is MINIMUM wage. CreateNSW have introduced $250 minimum 2024
15	Arts Worker fees	$4,400.00	Mix Engineer & Mastering costs for 8 track Album ($300 per mix & $250 per master)	Any kind of industry professional can be listed as an 'arts worker' - including manager,
16	Superanuation	$1,741.63	11% (included in fee or on top of) Check our Superanuation flow chart here to see if you are required to pay Super	11% goes up to 11.5% in July 2024
17	Production costs	$2,400.00	Recording studio hire & engineer (see Studio quote attached in support material)
18	Materials	$4,500.00	250 Vinyl LP printed (See quote attached in support material). Cost covered by label
19	Marketing & publicity costs	$2,500.00	Publicity plan including artwork & marketing costs. Costs covered by label
20	in kind - Venue Hire	$300.00	1 x day venue hire for rehearsal	Listing in kind value in income and expenditure ensures it isn't recorded as available cash income.
21	Other	$3,000.00	Approx. 10% contingency	Contingency is good to include in your budget to allow for any unforeseen costs. Around 10% is usual
22	TOTALS	$30,274.63
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24	SURPLUS/(DEFICIT)	$0.00		You should not lose or make money when applying for a grant so surplus/deficit should always be zero
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