Zusammenfassung der Ressource
BUDGET MAP
- is a
- It is a plan of operations and resources of a company, which is
formulated to achieve the proposed objectives in a certain period
and is expressed in monetary terms
- Income budgets
- its purpose
- It is usually the calculation of the money needed to
launch a project, specify an action, meet goals, etc.
- income earning strategies
- Promised donations
- Probable donations
- Possible donations
- Income generated from
sales
- Income generated from services
- Subscriptions and Membership fees
- Special events
- Investments
- Investments
- Operating budget
- IT IS
- When a company needs to know the concepts that
integrate the results of the operation. since these
are related to those that make up the financial
budget
- Master budget
- is defined as
- The main budget of any company since it is the combination of a
whole planning process and covers all areas of a company
- budget importance
- The budget is an essential
management tool. Without a budget
- The budget tells you how much money you need to
carry out your activities.
- The budget forces him to be rigorous when thinking
about the implications of his activity.
- The budget tells you when you will need
certain amounts of money to carry out your
activities.
- The budget allows you to control your
income and expenses and identify any
problems.
- The budget is a basis for financial responsibility and
transparency.
- Who makes the budget
- should
- Understand the values,
strategy and plans of the
organization or project.
- Understand what it means to be profitable
- Understand what it means to generate and
raise funds.
- competent to assume full responsibility for the financial side of the
organization or project.
- involved in the budgeting process
- The Finance Manager and / or Accountant;
- The Project Manager and / or Director of the organization or department.
- planning cycle
- 1. Review what you have done in
the past, in terms of impact,
effectiveness and efficiency.
- 2. Review and clarify your
vision, mission, strategy
and objectives.
- 3. Prepare your
operational plans.
- 4. implement plans, monitor impact and
income and expenditure – adjust where
necessary.
- 5. Draw up a budget to cover the
work. Discuss, amend and
finalise the budget.
- 6- Assess the resources you
will need to meet the
needs of the plan –
estimate costs.
- BUDGETING RULES
- inflation is taken into account
- Contributions in kind (not money, but
goods) should be included
- the contribution made by volunteers in
the form of sweat equity
- Some costs that need to be estimated but that often get forgotten:
- Start-up costs
- for a new organisation or project, such as
large-scale recruitment, moving in, building
alterations, launching the project or
organisation.
- Research and development
- consultation, needs assessment, planning
processes.
- Democracy and governance
- establishing the structures, recruiting for them, getting a
constitution developed and accepted, training members of
voluntary structures.
- Marketing or public relations
- building a professional image. o Replacement of capital
goods.
- Replacement of capital goods.
- Monitoring and evaluation costs for projects