Nonprofit Budget Planning in Tough Times: Strategies That Work

Описание: During periods of uncertainty, budgeting for non-profit organizations can be an especially daunting task. To help navigate tumultuous times, Jennifer Banks, Manager at Your Part-Time Controller, recommends taking a long-term approach by projecting multiple years ahead, while also conducting a thorough analysis of past accomplishments and challenges using the SWOT framework. Additionally, Banks stresses the importance of involving all team members responsible for financial processes within the organization to streamline the process and increase it's success.

00:00:00 Welcome and Introductions
00:02:23 Meet Jennifer Banks from Your Part-Time Controller
00:04:00 Budgeting During Unusual Economic Conditions
00:06:10 The Value of SWOT Analysis for Budget Planning
00:08:48 Making Time and Space for the Budgeting Process
00:11:05 Why Budgeting Should Be a Multi-Week Project
00:14:37 Trends in Multi-Year vs. Short-Term Budgets
00:16:42 Navigating Budgeting Amid Staff Turnover
00:17:49 Including the Full Team in the Budgeting Process
00:19:55 Getting Leadership Buy-In for Budget Planning
00:22:38 Planning for Shrinking Budgets and Recession Realities
00:25:23 Managing Restricted vs. Unrestricted Funds


#accountingbudgets #nonprofit #nonprofitbudgets #TheNonprofitShow