Project Budget/Income Statement
Name the 4 main people who should be at the table when developing a project budget.
Who are the Executive Director, Program Director, Program Manager, and Finance Personnel?
An Organizational Budget encompases
What are programs and departments?
An index of all the financial accounts in the general ledger of a company
What are the Chart of Accounts
A General Ledger encompasses
What are all financial transactions?
This is done so there is not a surplus to spend at the end of the year.
What is reviewing budgets monthly?
This document shows if you have a surplus or deficit
What is an Income Statement?
This is 10% standard or federally certified
What are Indirect Costs?
According to the GAAP, this is the number series for expenses
What is 5000?
The GL shows every transaction that is charged to
What is a program?
This ensures program staff only purchase what is allowed and budgeted
What is a prior approval policy?