Click on the following links. Please note these will open in a new window.

Budget a Recording
http://www.afm.org/uploads/file/SRLA_Low Budget Side Letter Summary with Checklist_011314 thru 011215.pdf

Go to the AFM website and download the Low Budget Side Letter to the AFM Sound Recording Labor Agreement. Fill out the Estimate Form. Use this information to fill out the Recording Budget in Table 13.3.

How much would it cost to record your song? How many musicians? How many hours? What is the most expensive element? Did you build in padding for possible budget overruns?

Recording Fund or Budget and Advance?
https://musictechpolicy.wordpress.com/tag/recording-fund/

Now look at the same budget. As an artist, which contract clause would be to your benefit, a budget and advance, or a recording fund where you “keep the change?”