Budgeting Basics for Boards




Need help on how to create a budget? Join this crash course to learn best practices for budgeting! Learn why budgeting is a “must” for boards, how to get started, and the differences between program/project and operating budgets.

Learning Outcomes:

Understanding of:

  1. What is a budget?
  2. How to Create a Budget: Steps Involved in Budgeting
  3. Budget Preparation
  4. Budget Policies
  5. Budget Monitoring
  6. Benefits of Budgeting
  7. Types of Budgets

Why Should you Attend?
Many boards do not operate with a planned budget. This can be ‘risky business’, especially given our current environment, we have to be better prepared and spend our money wisely!

A budget is a financial document that provides an overview of how the organization plans to spend its money. Responsible budgeting for local sport, culture and recreation groups means that your board has a fiduciary duty to manage your budget wisely and monitor it to ensure continual sustainability. A strategic and collaborative budget process is essential to ensure that resources are being used most effectively to meet your mission and purpose!

Maintaining a proper budget gives boards proper control. The budget paints a clear picture of how much cash is coming in and how much is going out. Budgets form the basis for boards to make better decisions and to avoid making mistakes. Good budgeting demonstrates accountability and transparency! Join our webinar and prepare to blast-off with budgeting!

Who Should Attend? This is for any volunteer or paid staff member who works in sport, culture or recreation

What Will You Take Away?

  • Participant Pack with sample steps, checklists and templates
  • New information about budgeting basics for small organizations

 

Facilitated by: Wendy Plandowski
Date:  Tuesday, October 18
Time: 12:00 - 1:30 p.m.
Cost: Free
Registration Deadline: October 11

 

About Our Webinars:

  • A webinar link will be provided one day prior to the online event.
  • Join from a PC, Mac, iPad, iPhone or Android device with a high-speed internet connection and speakers.
  • Pre-registration is required to have access.
  • These events are for south east boards and committees and volunteers working in sport, culture and recreation.
  • Participants living in the district have priority registration if space is limited.

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