Page 5 - Budgeting

Steps to preparing a budget

✓ Determine programs & activities for the budget period

✓ Budget expenses and revenues

✓ Based on historical data, forecasts & economic climate

✓ Develop a draft budget

✓ Include previous yr. budget, current yr. and cash flow

✓ Review/modify your draft

✓ Have board review and approve

✓ Revise if necessary

✓ Monitor and record budget activity