diff --git a/dbschema/budget.esdl b/dbschema/budget.esdl
new file mode 100644
index 0000000000..d17bf4d4cf
--- /dev/null
+++ b/dbschema/budget.esdl
@@ -0,0 +1,40 @@
+module default {
+  type Budget extending Project::Child {
+    required status: Budget::Status {
+      default := Budget::Status.Pending;
+    };
+
+    single universalTemplate: File;
+    records := .<budget[is Budget::Record];
+  }
+}
+
+module Budget {
+  type Record extending Project::Child {
+    constraint exclusive on ((.budget, .fiscalYear));
+
+    required fiscalYear: int16 {
+      readonly := true;
+    };
+
+    amount: float32;
+
+    required budget: default::Budget {
+      readonly := true;
+      on target delete delete source;
+    };
+
+    #TODO - pending completion of Organization
+    # required organization: Organization {
+    #   constraint exclusive; # move up to constraint syntax above
+    #   readonly := true;
+    #};
+  }
+
+  scalar type Status extending enum<
+    Pending,
+    Current,
+    Superceded,
+    Rejected
+  >;
+}