Each application shall include an operating budget that sets forth in detail how and when contract funds will be expended by the applicant. Such budget shall include any funds proposed for administration of the project. No more than 5% of the contract amount may be used to cover project administrative costs and may be retained only by the entity directly responsible for project administration. The operating budget must also itemize the project funds that will be subcontracted to other entities.
049-2 Wyo. Code R. § 2-15