BUDGETING FOR NOT-FOR-PROFIT ORGANIZATIONS

Is your current budgeting system an annual time consuming exercise in drudgery?

Despite hours of staff preparation time, is your finished budget  merely a restatement of the prior year’s actual figures restated for inflation and other factors and divided by twelve?

Do you find presenting the budget to your Board frustrating?

Is your fiscal accountability system non-existent?

It doesn’t have to be that way!

Ed McMillan, CPA, CAE has presented his unique budgeting system to thousands of upper level association executives who have found the program to be right on target for their needs.  At the conclusion of the seminar you will:

• Be able to read and understand the Balance Sheet and Income Statement

• Be provided with many helpful hints on how to present financial statements to boards and staff

• Learn the importance of segregating expenses into three classes

• Learn the CONTINUOUS BUDGETING SYSTEM that will virtually eliminate the year-end budget process

• Be provided with forms to instill the OPERATING BUDGET, the CAPITAL BUDGET, the INVENTORY ACQUISITION BUDGET and the CASH FLOW BUDGET

• Be appraised of the proper method of presenting FINAL BUDGET DOCUMENTS to the approving body

• Explore LEASE OR BUY DECISIONS

• Learn how to budget for FRINGE BENEFITS

• Learn how to implement effective COST-CUTTING MEASURES

• Be provided with the tools you need to establish effective FINANCIAL POLICIES AND PROCEDURES