Page 13 - Budgeting

▪ Flexibility!

o Contingency plans

▪ Lead-time for grant requests

o multi-year programs, etc.
Non-Profit ▪ Unpredictable cash flows & contribution

revenue
Budgeting o Can be dealt with by postponing expenditures,

accelerating constituent billings

▪ Money allocated appropriately

o Under common law, non-profits have a duty to

donors/grantors to use gifts for the purpose the
funds were given