The objectives of the research project were to analyze non-profit organization budgets and finances. This project focuses on the importance of developing a budget plan. A Budget is a financial plan that requires necessary resources to achieve the program goals. The first step in this process will review the logic in developing a budget plan for a nonprofit organization. Next, I will define budgets and finances as a model of a preparation for developing a budget plan. The second step deals with the benefits of planning a budget. The third step exam the financial resources needed for the budget plan. Finally, to provide a checklist that can be used in the preparation process for developing a budget.
Introduction
In this research paper I will discuss non-profit organization budget and finances. Explain the importance of developing …show more content…
The chart illustrated the benefits to planning a budget. Next, reviewing the information from the above chart provided example of benefits of planning a budget. This is your road map that guides your financial resource that helps you reach your objective.
III. Designing a Budget Plan checklist for Non-Profit Organization
In his study of nonprofit organizations, their goals are mission based. p.57. How do we start and where do we start? Should the mission come first or the program. In this process of designing a budget for the nonprofit organizations, we have to develop a plan. This can help us reach our dreams and goals for our project. (Blazek, 2008)
In our planning process for designing a budget plan, we examined our priorities, refine its mission, and organize our resources needed for this plan. In our planning process, we have developed our team to analyze the financial measures and our nonprofit goals. At this stage, we are reviewing budgets planning issues that prevent us from achieving our objectives and