Become knowledgeable with budgets and learn exactly how to create and read them.
Many nonprofits create budgets based on previous expenses or grant structures. Budgets are planning processes that create or determine policy for any organization. With some nonprofits who depend on their funding from typically one main source, nonprofits run financial risk when not using a budget process to plan for risk and market destabilization. This topic will help you understand budgets from broad categories like expenses and revenues to reading budget reports like Profit and Loss Statements and Balance Sheets. To understand budgets is important to understanding the policies and procedures of how an organization is run successfully.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Building the Basic Budget
- Building Expenses
- Building Revenues
- Building Planned Savings (Reserves)
Budgeting Strategies
- People Over Mathematics
- Diversifying Revenues
- Methods of Saving on Expenses
Proportional Budgeting Prioritizing Mission
- Determine If Your Budget Is Properly Prioritized to Your Mission
- Strategies to Align Your Budget to You Mission
Budget Monitoring
- Revenue Trends
- Expenses Trends
- Grant Budgeting
- Program Budgeting
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Credit
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on March 31, 2020.
Call 1-866-352-9540 for further credit information.
- ASAP PACE 0.1
- This course is pre-approved through the American Society of Administrative Professionals (ASAP) for 0.1 CEU(s) towards your PACE Recertification.
- IAAP 1.0
- All education that aligns with the CAP Body of Knowledge can be used toward recertification. Lorman Education Services believes this course does align and should be counted toward recertification. Please visit IAAP's certification webpage to review recertification details and requirements. https://www.iaap-hq.org/page/CAP_Recertification. Course Length: 1.0.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Brad Lebowsky
NEA, LLC
- CEO, NEA, LLC (Nonprofit Engagement Advisors)
- Over 25 years of nonprofit and Fortune 250 management including but not limited to budgeting, finance, grant writing, strategic planning, board training, retention of donors, employees, and volunteers, and professional development
- Conducts regular seminars and workshops throughout the West Coast; Living in the Portland, Oregon metro area
- Author of Downsizing: Alternatives for Companies; a resource for those affected
- Podcast on iTunes®, Spotify®, and Podbean® for Hunger For Success
- M.B.A. degree in nonprofit management, specializing in finance and budgeting; bachelor’s degree in environmental and occupational health
- Can be contacted at [email protected] or www.4NEA.com
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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