Budget Request Memo

Free template

A memo requesting budget approval

For managers and team leads asking finance or leadership for funds

Free, no account required
Available formats

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BUDGET REQUEST

TO

[Name], [Title]

FROM

[Name], [Title], [Department]

DATE

[Month DD, YYYY]

SUBJECT

Request for $15,660.00 for [purpose]


AMOUNT REQUESTED

$15,660.00

BUDGET PERIOD

[FY YYYY / Q[N]]

DECISION NEEDED BY

[Month DD, YYYY]

Request

[One or two sentences: what the money is for, which budget line it would come from, and whether it is one-time or recurring.]

Deadline: [Why the decision is needed by that date, e.g. vendor pricing expires.]

Itemized need

Item

Detail

Qty

Unit cost

Total

[Software licenses]

[Annual, per seat]

12

$480.00

$5,760.00

[Contract support]

[Hours at hourly rate]

60

$95.00

$5,700.00

[Equipment]

[Model or specification]

2

$1,350.00

$2,700.00

[Training]

[Course or provider]

4

$375.00

$1,500.00

Total requested

$15,660.00

Amounts are examples. Replace the items and recalculate the total.

Why it is needed

[The problem or opportunity, and what happens without the funds.]

Expected value

Benefit

Measure

Expected by

[Cost saved, revenue gained, or risk reduced]

[Amount or metric]

[Month YYYY]

[Benefit]

[Amount or metric]

[Month YYYY]

Payback period

[N] months

[Month YYYY]

Alternatives considered: [Lower-cost option, or deferring the request, and why it is not recommended.]

Approval

□ Approved □ Approved at $[Amount] □ Not approved


Approver name and title


Signature


Date