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
Practical Risk
Management - The Handbook for Risk and Financial
Professionals
Widely referred to as The Green Book,
Practical Risk Management The Handbook for Risk
and Financial Professionals is a two-volume
reference manual covering a broad range of risk
management subjects including Risk Management & Self
Insurance, Loss Control/Claims Management, Property
Risks & Insurance, Liability Risks & Insurance, and Risk
Managers Resources. The publication provides practical,
concise, action-oriented background and advice on
critically important activities, techniques, and tools
of risk management.
Practical Risk Management is published by the
International Risk Management Institute (IRMI) and
Millicent W. Workman, CPCU, serves as the editor. With
more than 1500 pages of reference material, this is an
excellent resource for risk managers or those who have
risk management responsibilities but not on a full time
basis. For more information,
click here.
Special Offer: PERI and IRMI have
partnered to bring this publication to PERI Website
Users at a discounted rate. You can purchase Practical
Risk Management on the IRMI Website. Simply enter the
codePERI700in the IRMI shopping cart to receive the 10%
discount.
Purchase Practical Risk Management - The Handbook
for Risk and Financial Professionals today on the
IRMI website
here.
Additional Resources:
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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