Smart Budgeting

Hilda Polanco and Joan Garry discuss how to create a smart nonprofit budgeting process that works on the Nonprofits Are Messy podcast

You’ll hear them discuss…

  • How can you call it a plan if it’s constantly changing?
  • Who needs to be involved?
  • What are the best ways to mitigate tension between program and development staff?
  • What is a zero-based budget?
  • What is the board’s role?
  • What type of communication should follow a board-approved budgeting process?
  • Should you break down elements of a program based budget prior to seeking funding?
  • What is a working capital credit line and what’s the criteria around applying for one?
  • Forecast vs. Actual… when do you revise a budget?

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