Fundamentals of Budgeting

Date and Time: Friday, March 10, 2023 - 09:00 am to 12:00 pmLocation: N/A - Online

$20.00$90.00

Select Your Member Level

Clear

An organization’s budget is fundamental to its success.  A poorly created budget can quickly lead to serious jeopardy; while a well-built one is a critical tool for better, more effective service delivery, and, equally important, for establishing current and future organizational health and well-being.   Understanding the difference is critical to maintaining a strong organization that is prepared to leverage its resources.

Your budget is a financial and programmatic road map that reveals more than just where the money comes from or where it’s going; it is a GPS for decision-making that keeps you focused on mission and headed toward your objectives.  This class begins with a brief overview of financial statements and moves on to cover core budgeting concepts and terminology.  We demystify the language and process of budget building, removing roadblocks along the way that too often prevent organizations from realizing what it will take to reach their destination.  Working in a framework of best practices, the instructor will then walk you through the components and qualities of an effective budget, and cover the budgeting process and projecting critical cash flow.

By the end of the class, you will have learned a systematic approach to constructing a budget for a program or an organization as well as strategies for monitoring actual income and expenses, enabling you to make important management decisions in real time, while also being able to project through the end of a fiscal year, thereby avoiding the shock of an unexpected collision with a resource shortfall.

 

SKU: N/A Category: Audience: All staff who need to understand fundamental budgeting practices, including executive directors, program directors and staff, newer finance staff and board members

Event Location

Date: March 10th, 2023

Location: N/A - Online

PA

Member $75
Non-Member $90

Instructors

  • Thomas Scurto-Davis

    Founding Principle at Money2Mission, LLC, Thomas Scurto-Davis has 20 years of nonprofit financial management and accounting experience. His professional practice is focused on helping NPOs design and implement systems, improve financial literacy and effectiveness, and build organizational understanding. His goal is to help nonprofits make better-informed decisions while using financial data to tell their compelling and unique story.

    He is an affiliated trainer with the Nonprofit Center at La Salle University’s School of Business where he leads trainings on financial management, risk assessment and mitigation, business planning, budgeting and financial analysis.  He is also an adjunct professor for La Salle’s graduate