Finding
information on the "how to's" of building your nonprofit budget is not
easy!
One of the most important aspects of your budget is knowing that what
you present
to your board and the public is correct and accurate. Donors
expect that you are
using the money wisely. It is essential that you can
provide the facts and figures they will ultimately request at your
fingertips! While is it can be expensive, one of the best tools you can
have is a good bookkeeping system!
Below are a few websites that can offer you specific help!
Nonprofit Guides has a sample budget, proposal cover letter, letter of
inquiry,
proposal, and other items that may be of use to you.
http://npguides.org/guide/budget.htm
One way to ensure that you your organization is transparent and
accountable financially is to be able to rely on the guidance of others
that not only know what they are doing but have the talent to be able to
explain it to others so it makes sense. The team at Diversified
Nonprofit Services can do just that!
Diversified Nonprofit Services can help your organization with the
following:
• Provide a Financial Health Assessment to determine financial viability
• Provide sample policies and procedures that assure organizational
performance and transparency
• Explain financial stewardship and its role in the organization
• Define the role of Treasurer, Finance Committee and Audit Committee of
the organization
• Define the role of the Agency Executive and the Board of Directors in
the Fiduciary activities of the organization
• Identify the necessary filing forms to the United States Treasury
Department
• Develop a budgeting process based on Mission as well as organizational
goals and objectives, including forecasts, comparison and analysis,
reviews
• Identify characteristics of financial health
• Develop a cash flow and cash management analysis
• Develop a Risk Management Plan
For more information
and answers to the technical questions no one seems to know, contactKevin Bingham with
DNS Associates a full service consulting firm. The DNS
team of professionals have taught countless nonprofits what it takes to
be successful
in running a nonprofit businessfrom the ground up.
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