Not-for-Profit Budgeting and Financial Management
With more and more nonprofit employees responsible for the creation and management of the annual budget, it's clear that budgets must be well designed and easy to implement in order to accommodate the trend toward decentralizing decision-making powers in nonprofit organizations. Continuous budgeting, as explained in Not-for-Profit Budgeting and Financial Management, Fourth Edition offers a system that is not only easy to use and monitor, but also ensures true fiscal accountability in the complex nonprofit arena.
This handy guide explains how to separate controllable, semi-controllable, and fixed expenses; take corrective actions during the year to offset budget shortfalls; define the roles of the CEO, CFO, the staff, and volunteer leaders; establish expense reduction plans before they are needed; and prepare and present such top-notch budget documents that budgets will be approved the first time.
Written in a nontechnical, understandable, how-to language and format, the Fourth Edition incorporates dozens of relevant forms and documents and covers:
All new material on footnoting the statement of activity
How to present cash prepared and accrual statements on the same page
The importance of the executive summary
How nonprofits can work toward liberating themselves from the year-to-year scramble for increasingly scarce resources
Instead of being controlled by outdated, cumbersome, and inaccurate budgeting processes, nonprofit managers need to be able to effectively direct and responsibly control their resource allocation. Not-for-Profit Budgeting and Financial Management, Fourth Edition helps them get the job done and done right, with its powerful system of continuous budgeting, enabling not-for-profit professionals to meet their organization's needs by creating and managing reasonable financial plans—that work!
240 pages; ISBN 9780470642405
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Title: Not-for-Profit Budgeting and Financial Management
Author: Edward J. McMillan