Budget Guidelines

The project 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 the budget section you are required to fully outline both the income and expenditure, and also include any supporting documentation as required, if this is available at application stage.

The RESTART Schemes have a funding intensity that varies between 60% and 100%. The schemes support the amounts indicated as Co-Funding in the table below. The applicant is required to co-fund, or find other sources to co-fund the remaining percentage of the costs required to implement the project (for example 20% in the case of an 80% Co-Funding intensity).

The table below provides an overview of the total amounts per scheme, the number of calls in 2021 and the session budget for each call. The maximum eligible amount is the maximum amount of each grant that the scheme may support. For more details, refer to the guidelines of the specific funding programmes.

These budget guidelines are for prospective applicants of the RESTART Schemes offered by Arts Council Malta. All schemes are competitive and it is advisable to read these guidelines before you submit your application.

Completing the budget section

The budget section in the online application 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.


1. Income

In this section of the budget, you need to provide details of the cash income for your application. You need to specify whether each income item has already been secured, is being negotiated or planned. A clear breakdown of all income is strongly suggested.

Types of income may include:

  • Planned revenue from activity (e.g. income from ticket sales, or sale of work via galleries);
  • Sponsors (e.g. local bank);
  • Own contribution (applicant’s and/or organisation’s source such as membership fees etc.);
  • In-kind contribution (see section 3 below for further details);
  • Other public funds (e.g. Local council contribution);
  • Royalties and license fees;
  • Amount requested from the Fund;
  • Crowd-funding.

 

2. Expenditure

In this section of the budget, you are required to outline in detail all the expenses related to your application. The eligible costs vary from one scheme to another; refer to section three in the guidelines for more detailed information about what costs are supported by each scheme, and what costs are not supported by each scheme.

Types of expenditure may include:

  • Artistic fees
  • Project Management (including but not limited to: administration, coordination, development)
  • Other fees directly related to project implementation (including but not limited to: legal, mentors, service providers, participation fees, linguistic fees etc…)
  • Rental of spaces
  • Hire/Purchase of equipment (purchase of equipment will only be considered if deemed necessary to the project)
  • Health and Safety measures
  • Marketing, PR and communications
  • Insurance
  • Travel (economy class) including but not limited to: public transport, air travel, car / vehicle rental) - An additional EUR 1,000 may be allocated for travel support and assistance to disabled artists.
  • Standard Accommodation
  • Subscriptions to virtual platforms or other digital services where relevant
  • Fees related to training and development (where applicable – PSS not applicable)
  • Contingency, not exceeding 10% of the total cost

 

3. In-kind contribution

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 under both 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:

  • Donated material and/or equipment needed to create or present the proposed work (e.g. speakers, projectors) that you have been given and would otherwise have to pay for;
  • Waived venue hire (e.g. studio, rehearsal, or exhibition space);
  • Waived fees/specialist support (e.g. consultant, business advisor, PR & marketing, filming & photography).


In-kind contributions do not include:

  • Cash contributions (these should be declared as income);
  • Activities, materials or services that were provided before the start of your proposed activity (retrospective costs are not eligible).

 

4. Budget Tips

Ensure that all the financial aspects described in the narrative part of your application correspond and relate to the items listed in the budget and vice versa. The budget is another means to present your proposed activity and it should complement your application narrative.

Identify all possible sources of income in the budget, and make sure to indicate whether they are secured, unsecured or planned.

Double check your budget and make sure your request for funding falls within the funding limit of the funding programme.

Ensure that income projections are realistic and based on evidence and/or previous experience.

Provide all necessary supporting documentation.

 

Need assistance?

If you need assistance when compiling the budget section of your application please contact our brokerage service team on 2334 7230 or email us on fundinfo@artscouncil.mt. Kindly note that we cannot read full applications before they are submitted.

Furthermore, Arts Council Malta provides a range of information sessions for its Funding Programmes as well as free-to-attend workshops to help you familiarise yourself with the funds. Contact us for more information.