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MusicNSW Grant Budget Example
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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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RECORDING BUDGET EXAMPLE
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ITEMINCOMEDESCRIPTION NOTES
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This Grant$21,233.00This is the amount you are requesting from the funding body.
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in kind - Venue Hire$300.001 x day venue hire for rehearsalIn 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!
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Other$7,000.00Independant label support (covers promotion and vinyl production costs)
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TOTALS$28,533.00
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ITEMEXPENDITUREDESCRIPTION
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Artist fees$11,433.003 x artists fees (Applicant, Bassist & Drummer, see attached bios) for 1 day rehersal & 5 day studio recording (8hrs per day). Calculated via https://musiciansunion.com.au/calculator/ Make sure you pay yourself and any other artists (musicians) working on your project. Please note this is a MINIMUM pay calculator that can be used as a guide.
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Arts Worker fees$4,400.00Mix 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,
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Production costs$2,400.00Recording studio hire & engineer (see Studio quote attached in support material)
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Materials$4,500.00250 Vinyl LP printed (See quote attached in support material). Cost covered by label
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Marketing & publicity costs $2,500.00Publicity plan including artwork & marketing costs. Costs covered by label
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in kind - Venue Hire$300.001 x day venue hire for rehearsalListing in kind value in income and expenditure ensures it isn't recorded as available cash income.
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Other$3,000.00Approx. 10% contingencyContingency is good to include in your budget to allow for any unforeseen costs. Around 10% is usual
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TOTALS$28,533.00
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SURPLUS/(DEFICIT)$0.00You should not lose or make money when applying for a grant so surplus/deficit should always be zero
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