Budgeting 101
What is a Budget?
A PLAN for how you want to save and spend your funds.
Types of Expenses acceptable and not acceptable.
Allowable and Disallowable
Computers, Phones, Ipads
IT Expenses
A sum of money given by a gov't or other organization for a particular purpose
A Grant
What are the TWO main parts in a budget?
Income & Expenses
Proof that a financial transaction took place
Documentation/Receipts
The People Who Work for You
Personnel/Staffing
Known by this NAME they give money Agencies
Funders
IRS Code for Non-Profits
501(c)3
Document needed to secure/lock-in funding
Agreement/Contract
Items Needed to Run Program
Program Supplies
Name for Income Generated
Revenue
Key information collected and reported for funding
Program Data/Evaluation
Generally, the max amount of Indirect Costs
15%
Travel & Conference Attendance Fee
Professional Development
Method or event that raises money
Fundraising/Fundraiser
Board of Directors
Primary contact at gov't funder
Program Officer
Taxes, Benefits, HR, Acct. etc.
Fringe Benefits
Name of IRS Tax Form Non-Profit's file Annually
Form 990