Page 53 - Site Visit

3/8/2021

 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

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Considerations

o As much money as possible in federally insured, interest bearing
accounts
o Once cash reserves exceed operating costs, consider longer-term
investments
o Staff increases, technological investments
o Budget spreadsheets often, requested by third-party stakeholders /
[potential] donors
o Tracking of expenditures enhances ability to report
accomplishments

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Sources

 https://www.councilofnonprofits.org/
 https://www.councilofnonprofits.org/tools-resources/budgeting-
nonprofits
 https://www.councilofnonprofits.org/north-carolina-center-
nonprofits

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