EDU/WFD Budget Training

Budget 101

100

Expenses you have planned for a fiscal year.

Budget

200

Name for the award Affiliates receive to implement a program.

Subgrant

300

Expense results for the fiscal year; usually reported year-to-date or last month.

Actuals

400

Costs that are identified directly with an activity, function, deliverable or product.

Direct costs

500

Costs that are not identified with a specific project or organizational activity.

Indirect Costs

Budget 102

100

Amount of award that goes to UnidosUS in indirect costs

12.5%

200

The unexpended balance at the end of a prior fiscal year that has been rolled forward to the next fiscal year.

Carryforward

300

Designated amount of funding to an expenditure line.

Budget allocation

400

Supplementary wage, nonwage payments or benefits you receive from your employer.

Fringe Benefits

500

Recordkeeping system used to sort, store, and summarize a company's financial transactions.

General ledger