Nonprofit Budgeting in Hard Times

Webinar Overview:

In good times and bad, a successful budget process goes beyond spreadsheet skills and a good template. In the best budget processes, the board and staff are aligned on their roles and the budget's purpose, the organization chooses frugality over cheapness, nonprofit leaders collaborate through difficult choices, and they're prepared for wild cards.

During the difficult years, the budget process also:

• Clearly identifies the financial and mission impact of every major activity

• Prioritizes mission impact over “fair” cuts

• Engages and unites leaders, getting buy-in for difficult choices

• Includes strategic investments that will minimize the impact of cuts and increase the odds of the organizing emerging stronger from the lean years

This workshop goes beyond the numbers, diving into the strategic and leadership side of budgeting that most trainings skip. Along with the core topics, we may also cover how to make budget approval more inclusive, respond when wild cards pile up, think through profits and reserves, address deficits, plan for cost-of-living adjustments, manage surprises, and improve budget timing.