Ask a CFO- A weekly Q & A on corporate finance topics
How do NP Orgs create a sustainable budget for the next 5 years? | #AskaCFO with James Vanreusel
Episode 13:
In this episode of "Ask a CFO," James explores how non-profit organizations can create a sustainable budget for the next years, especially when facing a current lack of funding but with plans for future growth. He discusses the importance of providing donors with a projection and then comparing it with the current year’s budget to identify any risks. Finally, he lists what is needed to create a sustainable budget for the future.
Key takeaways:
- 3-Year Projection: Detail anticipated growth, sales figures, and required funding.
- Current vs. Projected Budget: Compare current budget with 3-year projection to identify risks.
- Sustainable Budgeting: Careful planning, transparency, and good communication with stakeholders.
Send your question to #AskaCFO
Sign up for the free starter membership below for access to free resources and financial tools which are created to support you at every step of your journey.
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Connect with us:
Episode 13:
In this episode of "Ask a CFO," James explores how non-profit organizations can create a sustainable budget for the next years, especially when facing a current lack of funding but with plans for future growth. He discusses the importance of providing donors with a projection and then comparing it with the current year’s budget to identify any risks. Finally, he lists what is needed to create a sustainable budget for the future.
Key takeaways:
- 3-Year Projection: Detail anticipated growth, sales figures, and required funding.
- Current vs. Projected Budget: Compare current budget with 3-year projection to identify risks.
- Sustainable Budgeting: Careful planning, transparency, and good communication with stakeholders.
Send your question to #AskaCFO
Sign up for the free starter membership below for access to free resources and financial tools which are created to support you at every step of your journey.
Click HERE
Connect with us: