Initiating the process of surrogacy involves a considerable amount of emotional, physical, and financial investment. The relationship between intended parents and the surrogate is a delicate bond, and the financial element is a crucial aspect of this relationship. Prior to embarking on this journey, it is imperative for intended parents to understand the complex financial dynamics surrounding a surrogate agency and strategize their budget accordingly.

There are numerous expenses associated with surrogacy, and it is pivotal to have an exhaustive understanding of these costs to create a comprehensive budget. The fundamental costs can be bifurcated into two broad categories: agency fees and surrogate compensation.

The agency fee primarily encompasses the costs associated with the recruitment and screening of the surrogate, legal and administrative fees, and the management of the surrogacy process. The surrogate compensation, on the other hand, is the remuneration given to the surrogate for her time and the physical and emotional toll she bears during the pregnancy.

In addition to these basic expenses, there are a plethora of ancillary costs that intended parents need to account for. Some of these include medical expenses, insurance premiums, fertility clinic fees, legal costs, and potential costs for prenatal care and childbirth.

Now while all these costs may seem overwhelming, developing a strategic budget plan can help manage these expenses. The first step towards accomplishing this involves consulting with financial and legal experts who are well-versed in the domain of surrogacy. These experts can provide a realistic estimate of the costs involved and guide intended parents in setting up a pragmatic budget plan.

Further, a comprehensive financial plan should also consider possible contingencies that can arise during the surrogacy process. For example, there might be unexpected medical complications that require additional expenditure. Or there may be a scenario where multiple IVF cycles are needed for successful implantation, thereby escalating the fertility clinic fees. It is therefore advisable to allocate a portion of the budget for these unforeseen circumstances.

The concept of "Time Value of Money" from finance can be applied here. As per this principle, a dollar today is worth more than a dollar tomorrow. Therefore, it might be beneficial to explore finance options like loans or grants to fund the surrogacy process now, rather than postponing it until enough money is saved. However, this decision should be made after carefully weighing the potential interest costs against the benefits.

Intended parents can also consider cost-saving measures such as health insurance policies that cover fertility treatments, or choosing a surrogate who has her own health insurance, thus reducing the medical expenses. Additionally, intended parents can explore the option of independent surrogacy, where they bypass the agency and manage the process themselves. However, it's crucial to remember that while this option might reduce costs, it requires a significant time commitment and careful navigation of legal and medical intricacies.

While the financial considerations are critical, intending parents should not lose sight of the primary objective of this journey - to create a family. Surrogacy, though expensive, presents a viable option for many individuals and couples to fulfill their dream of parenthood.

In conclusion, budgeting for a surrogate agency involves a meticulous understanding of the involved costs, strategic allocation of resources, and a balanced assessment of financial options. With careful planning and expert guidance, intended parents can navigate this complex financial landscape and come closer to realizing their dream.