Having a sound budget is essential for every nonprofit and charity. A sound budgeting process allows organizations to better manage their funds and provides greater transparency to funders. However, creating a good budget comes with its challenges. We often see organizations delay their budgeting process due to a lack of resources and financial acumen. The lack of alignment between revenue recognition and cash flow also makes it harder for organizations to plan for the fiscal year which can lead to unnecessary surprises.
Need help creating a sound budget? Join Charity Village's upcoming Budgeting and Forecasting for Nonprofits & Charities webinar to learn best practices for budgeting! During the webinar, they will discuss the importance of a budget, the differences between a master and program budget, and how your organization can get started with the budgeting process, followed by a live Q&A session!
- Importance of a budget for financial sustainability
- Budgeting roles and responsibilities
- How your funding agreements connect with your budget
- Steps for the annual budgeting process
- Best practices for creating a budget
Audience: This webinar will be of interest to staff and volunteers responsible for fundraising initiatives and programs, as well as nonprofit leaders and directors.