This course reviews budgeting considerations for Not for Profit (NFP) organizations with a focus on voluntary health and welfare nonprofits that generate contributions as their main revenue source.
Learners will understand the importance of the role of the board, upper management, and department managers in creating a budget that moves the mission of the organization forward and becomes a living document that drives decision-making throughout the fiscal year.
We discuss budget terminology as well as key issues managers should look out for in the budget creation process. Lastly, there is be a walkthrough of a sample budget spreadsheet template which is included as a resource to this course.
Learning Objectives
- Recognize the role of the board and its oversight responsibilities in the budgeting process
- Identify the steps needed to build a realistic, manageable budget
- Identify the common issues that Not for Profit (NFP) organizations face in a typical budgeting cycle
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Prerequisites
No advanced preparation or prerequisites are required for this course, but completion of the other courses in this series is recommended.
Education Provider Information
Course Questions and Answers( Questions)
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