Annual Budgeting for Non-profits
Annual budgeting refers to the process of creating a financial plan for the upcoming fiscal year. It involves projecting revenues, such as donations, grants, and other sources of income, as well as estimating expenses related to program delivery, operations, fundraising, and administration.
Non-profit organisations can use annual budgeting to allocate resources effectively, prioritise initiatives aligned with their mission, and ensure financial stability and accountability. Additionally, the organisation’s budget is important for fundraising because it helps set fundraising goals and guides the fundraising strategy and plan.
The deck in this resource will help you understand the key components and steps involved in crafting a winning budget for your organisation. It covers:
- Budgeting processes & components
- Understanding of budgeting and statutory compliances
- Estimating expenses & cost allocation techniques
- Best practices for effective budgeting
This resource also contains
- A sample budgeting template
- A video explaining step by step how to use the template to create and plan their organisational budget
This resource is recommended for any organisation’s finance and planning team.
