Important Considerations for Nonprofit Budgeting
Whether or not you have a head for numbers, you can’t deny that accurate budgets are essential to running an effective agency. A budget is a guide that helps you understand what to expect in the coming months, measure progress against your predictions, and evaluate your mission’s overall success. The care you put into crafting your budget will be felt for your entire fiscal year.
Luckily, there are many strategies you can use in your budgeting cycle. Embracing careful planning, close monitoring, and including input from all the members of your team will ensure your budget is a valuable resource to guide departments, assure funders, and help you achieve your agency’s vision.