Page 33 - NCCAA Finance Board Accountability
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Types of Budgets
Operating Budget: An operating budget is the most common
type of budget for nonprofits. It outlines the expected
revenue and expenses for the organization's ongoing
operations, such as salaries, rent, utilities, and supplies. This
budget is typically developed on an annual basis and
provides a roadmap for the organization's financial resources.
Program Budget: A program budget focuses on the financial
resources needed to run specific programs or services. It
helps nonprofit organizations understand the true cost of their
programs and identify ways to allocate resources more
efficiently. This budget can be useful in determining which
programs are most cost-effective and which may need
additional resources to achieve their objectives.
