Appendix G - Budget Overview
Directions: For each teacher residency program component listed in the narrative descriptions of this application, please indicate the number of intended Teacher Residency Implementation and Expansion Grant Program residents to be supported by that component, and whether the activity will be funded through grant funds and/or local matching funds, as applicable to each component. Use the blank spaces in the table below to add any additional components or services not listed. All categories of planned grant funds expenditures must also be detailed in the budget narrative.
Information regarding Indirect Costs: Applicants may claim indirect costs as part of their matching funds, but not as part of the use of grant funds. Indirect costs may be claimed at the district negotiated indirect cost rate per the California Department of Education. IHEs that may be partnering with the LEA for the Teacher Residency Expansion Grant will need to discuss their indirect cost matching funds allocations with their LEA partner(s).
Reminders and Definitions:- Applicants may select from any combination of program components listed. When completing the online form, leave blank any options not being selected. Do not type n/a.
- Once an application has been approved and a grant award has been disbursed, an LEA may not alter the list of approved grant funded categories.
- The budget submitted on this form must not exceed $40,000 per resident.
- A minimum of $20,000 per resident must be allocated in the Salary/Stipend for Residents component.
-
Per Authorizing Legislation, the grant funds must be matched by the grantee LEA or consortium on a $0.80 per every one grant dollar basis for the first $25,000 of the grant amount received per resident. Matching funds may be actual dollars or in-kind. Matching funds may be actual funds and/or in-kind match. Grantees may claim indirect costs as part of their matching funds, but not as part of the use of grant funds.
- Actual Matching Funds are payments (stipends, release time) or reimbursements made directly from the LEA’s accounts.
- In-Kind Matching Funds are costs or portions of costs of services, materials, labor (personnel), equipment, etc. that are provided instead of cash disbursements to a recipient or program.
- Residents are also eligible for other forms of federal, state, and LEA financial assistance to support the cost of their preparation.
- Per authorizing legislation, grant funds in the Teacher Preparation Costs (Tuition, Fees, Books, etc.), Examination fees for Residents to Earn a Preliminary Credential (TPA, RICA, CSET, etc.), and possibly the “other” category must be paid back to the grant if a resident exits early from the residency program or does not complete their four year service requirement.