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Nonprofit Financial Risk Management

ID : 11776   
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Do you hate doing your annual budget? Do you dismiss the process and “just get it done” every year because your bylaws require you to do so? Are you confused as to how you build an effective budget and why you should even do it? The budget process is one of the most powerful things that you can do as a non-profit leader. Yet it is often shrouded in mystery and consequently dismissed as something that the Board of Directors “has to do” as part of its obligations. There is much power locked within the budget and the budgeting process and it is imperative that this process be done with much time and attention. This course is designed to help you, the leader of a non-profit organization, understand the significance of the budgeting process and how to use your budget to unlock the growth and success of your organization.
 

•      Difference between a “budget” and a “forecast”

•      Translating an annual budget into a financial

forecast

•      Updating financial forecast on an ongoing basis

•      When and how to amend a budget

•   Purpose of a financial report

•   What should…and should not…be included in the

report

•   How to include action items into the report so Board members can be active participants in the organizations’ finances

•   Financial statements to include with the report

•      How to flush out all the costs involved in the program.

•      Allocating and accounting for common

organizational costs at the program level

•      How program-level budgets ultimately roll up into

a main organizational budget

•      Setting up program / class tracking to monitor program budgets once set

Class Details

1 Sessions
Weekly - Tue

Location
TBA

Instructor
WD Staff 

CEUs : 0.5

Tuition: 

$70.00


Registration Closes On
Monday, November 1, 2021 @ 4:00 PM

Schedule Information

Date(s) Class Days Times Location Instructor(s) Instructional Method
11/2/2021 - 11/2/2021 Weekly - Tue 9:00 AM - 3:30 PM N/A - Online WD Staff  Distance Education