Anyone interested in applying for funding from Arts Council Malta is required to provide a budget, and on the guidelines of each specific fund you will find a detailed explanation on how to fill in the budget template and what it needs to include. This Budget Guide is an introduction to the key aspects you need to consider when drawing up your budget.
The budget template is an essential part of the application form and needs to be filled correctly in order for your application to be processed and evaluated. In this budget template you are required to fully outline both the income and expenditure, and also include any supporting documentation as required.
These budget guidelines are for prospective applicants of the funding programmes offered by Arts Council Malta. All funding programmes are competitive and we advise you to read these guidelines before you submit your application.
You can download the budget template from here.
For further information about the budget and eligible costs refer also to the Official Guidelines.
The budget section in the application form gives the evaluators the necessary information needed to be able to consider the financial viability of your proposed activity. The budget template is an essential tool to outline the costs (expenditure) and forecast the amount of money it will generate (income) as well as any other funding already secured or needed to ensure the feasibility of your activity. It is crucial that you provide a realistic budget based on supporting documentation.
This guidance will help you to present a balanced budget, and we advise you to provide a clear breakdown for each entry to show us how you have reached your figures.
In this section of the budget template you need to provide details of your cash income for your proposed activity. You need to specify also whether each item of income has been secured, unsecured or planned. A clear breakdown of all income is strongly suggested.
Types of income can include:
In this section of the budget template you are required to outline in detail all the expenses related to your Organisation/Festival. Please note that eligible costs vary from one fund to another, and we invite you to refer to the guidelines and regulations for the list of eligible and ineligible costs for a particular fund.
Types of expenditure can include:
In-kind contribution, as opposed to cash contribution, is used to describe any materials or services that are provided free of charge or at a reduced rate, and demonstrates a third-party backing or investment in the proposed activity that you are seeking funding for. The value of in-kind support contributes towards other funding required from other sources.
In-kind contribution should be included both under the “income” and “expense” with the same amount. In other words, in-kind contribution cannot be accumulated, and it has value only when and if it is used.
Examples of in-kind contribution include the following:
In-kind contributions do not include:
If you need assistance when compiling the budget section of your application please contact our brokerage service team on 2339 7020 or email us on email@example.com. Kindly note that we cannot read full applications before they are submitted.