a quick guide to nonprofit budgeting
DESCRIPTION
Budgeting season. It's a four letter word at most nonprofit organizations because it requires countless spreadsheets, getting non-finance staff to think about finance, and infinite revisions. There's got to be a better way, right? This presentation discusses best practices for nonprofit budgeting. It provides tips, tricks, and practical advice that will turn your budget into a positive four letter word..."Done."TRANSCRIPT
A QUICK GUIDE TO NONPROFIT BUDGETING
Jeff Sobers Senior Product Marketing Manager
Blackbaud, Inc.
WHY BUDGET?
GOAL SETTING
BOARD OVERSIGHT
FINANCIAL CONTROLS
THIRD PARTY STAKEHOLDERS
QUALITIES OF AN EFFECTIVE
BUDGET
REALISTIC
CONSISTENT
FLEXIBLE
MEASUREABLE
WHO SHOULD BE INVOLVED?
BOARD OF DIRECTORS
UPPER MANAGEMENT
DEPARTMENT MANAGERS
STAFF AT OTHER LEVELS
REVENUE-GENERATING STAFF
BUILDING THE BUDGET
CREATE A BUDGET COMMITTEE
DEFINE THE BUDGET TIMELINE
ESTIMATE THE COSTS REQUIRED TO ACHIEVE OBJECTIVES
ESTIMATE THE EXPECTED AMOUNT AND DATES OF REVENUE
COMPARE THE EXPECTED DATES AND AMOUNTS OF REVENUE
TO EXPECTED EXPENSES
DEVELOP THE FINAL BUDGET
PRESENT THE BUDGET TO THE BOARD FOR APPROVAL
SETTING BUDGET PRIORITIES AND
REALITIES
REVENUE
PUBLIC CONTRIBUTIONS
GRANTS AND RESTRICTED FUNDS
OTHER REVENUE
REVENUE SUMMARY
SETTING BUDGET PRIORITIES AND
REALITIES
EXPENSES
DIRECT PROGRAM COSTS
CAPITAL EXPENDITURES
INDIRECT OR OVERHEAD COSTS
IN-KIND CONTRIBUTIONS
EXPENSE SUMMARY
WHEN TO BUDGET
CHANGES TO THE BUDGET
WHAT QUESTIONS DO YOU HAVE?
Jeff Sobers Twitter: @jeffsobers
www.slideshare.net/jsobers1