Revenue Sources
This contract type involves preparing a budget, but service providers are only compensated for incurred costs.
What is cost-reimbursement?
This phase of the budget cycle consists of:
What is Phase 1: Program and Budget Planning?
Why should front-line social workers understand the agency’s budget cycle, even if they don’t manage finances?
Because budgeting decisions affect service delivery, resources, staffing, and clients — understanding the process promotes advocacy and accountability.
_____ relationships reflect governments and organizations awarding grants in an attempt to strengthen an agency’s ability to provide services and programs.
What is assistance?
The budget cycle is defined as a ___________, not a one time event.
What is a continuous process?
Which CASW (2024) Code of Ethics value connects most closely to transparent budgeting practices?
Integrity in Professional Practice - requires honesty, transparency, and responsible stewardship of resources.
This form of client fees considers a person’s financial capacity to pay for a service or program, and changes accordingly.
What is sliding scale?
This phase in the budget cycle involves:
What is Phase 2: Funds Procurement?
If a youth shelter experiences unexpected demand mid-year, which phase of the budget cycle would address adjusting resources to meet client needs?
What is Phase 3: Fiscal Management?
This type of private grant funding is classified as pooling the profit of companies, and is given to agencies that align with their philanthropic perspectives.
What is corporate foundations?
The budget cycle ensures ________ and alignment with the organization's goals.
How can program evaluation at the end of the budget cycle improve social work practice?
By linking outcomes to costs, agencies learn which interventions are most effective and can justify funding for successful programs.
This alternative strategy for sourcing funding is based on the absorption of an agency by another, forming one.
What is merging?
This concept in the budget cycle involves agencies managing multiple timelines at once and requires strong organization.
What is overlapping fiscal years?
How might the budgeting process reveal structural inequalities in service funding (e.g., underfunding of Indigenous or rural programs)?
Budgets reflect power and priorities — inequities in funding can highlight systemic bias, prompting social workers to advocate for policy or funding reform.