Page 13 - Finances for Non-Finance People

BUDGET REPORTS

• Financial Planning: A budget provides a roadmap for the financial resources of a

nonprofit organization. It helps the organization identify its anticipated income and

expenses for the upcoming period, allowing for effective financial planning.

• Resource Management: A budget enables a nonprofit to manage its financial

resources more effectively. With a budget in place, an organization can better

allocate its funds to programs, services, and activities that support its mission.

• Expense Control: A budget can help a nonprofit control its expenses by ensuring

that its spending remains within its means. By setting financial goals and tracking

expenditures, a budget helps to keep the organization's finances in check.