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Amherst Budget Worksheet
The Amherst Budget Worksheet is an interactive tool to assist you in constructing your budget.
It contains built-in, protected formulas that will automatically calculate:
- Fringe benefits (multiplies salary by Amherst's approved fringe rate)
- Total salary including fringe (the salary you enter is added to fringe costs)
- Total travel (domestic is added to foreign travel)
- Total direct costs (salary, equipment, travel, etc. are added together)
- Facilities and administration, also known as "indirect costs" (multiplies salary & benefits by Amherst's approved indirect cost rate)
Cost-of-living formulas have been inserted into the worksheet for personnel and other direct costs for years 2 and 3.
- The formulas are not protected; users may choose to override them by manually inserting numbers into years 2 and 3 of your project, if it extends beyond a single year.
- The formulas use a 2% cost-of-living increase. It is possible to change the percent in all the formulas by altering the % number in the green cell located to the right of the spreadsheet.
- You will need to insert $0 in Years 2 and 3 for personnel if the position is for Year 1 only and you will not have someone working during subsequent years. This $0 will not be visible to you on the form but it will prevent the automatic insertion of a dollar amount based on the anticipated cost-of-living raise.
Download the worksheet: