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