Page 37 - NCCAA Finance Board Accountability

Budget Cycle

 Budget Implementation: Nonprofits then put the budget into action

by allocating resources to various programs, services, and activities.
This involves monitoring expenses and revenues throughout the year

and making adjustments as needed.

 Budget Evaluation: At the end of the budget cycle, nonprofits

evaluate their financial performance and compare it to the budget.

This helps them identify areas of strengths and weaknesses and

make improvements for the next budget cycle.