This document discusses nonprofit budgeting basics. It covers the different types of budgets including enterprise budgets and grant-specific budgets. For grant budgets, it outlines key elements like wages, indirect costs, and in-kind contributions. It also provides tips on how to develop budgets and lists common mistakes to avoid such as not reading guidelines, missing deadlines, and failing to clearly outline outcomes. The overall document serves as an introduction to nonprofit budgeting.

1. Budgeting Basics ©2009 Robert Seestadt / CFOShare LLC Nonprofit Accounting and Finance cfoshare.com 248.714.9400

2. Nonprofit Budgeting ©2009 Robert Seestadt Introduction Agenda and Format

3. Nonprofit Budgeting ©2009 Robert Seestadt Budget Types Enterprise vs. Grant-specific

5. Nonprofit Budgeting ©2009 Robert Seestadt Discussion

8. Nonprofit Budgeting ©2009 Robert Seestadt Discussion

9. Nonprofit Budgeting ©2009 Robert Seestadt How to mess up a grant budget

10. Nonprofit Budgeting ©2009 Robert Seestadt 13. Under-report true cost of program

11. Nonprofit Budgeting ©2009 Robert Seestadt 12. Wrong formulas; errors in worksheet

12. Nonprofit Budgeting ©2009 Robert Seestadt 11. Unclear/lack of “outcomes” in proposal and report

13. Nonprofit Budgeting ©2009 Robert Seestadt 10. Include “unallowable” costs

14. Nonprofit Budgeting ©2009 Robert Seestadt 9. Do not include finance team upfront

15. Nonprofit Budgeting ©2009 Robert Seestadt 8. Don’t read grant guidelines & criteria

16. Nonprofit Budgeting ©2009 Robert Seestadt 7. Miss deadlines

17. Nonprofit Budgeting ©2009 Robert Seestadt 6. No accountability for executing program

18. Nonprofit Budgeting ©2009 Robert Seestadt 5. Funding does not fit organization mission

19. Nonprofit Budgeting ©2009 Robert Seestadt 4. Unapproved budget / actual variances

20. Nonprofit Budgeting ©2009 Robert Seestadt 3. Wait until last minute to prepare

21. Nonprofit Budgeting ©2009 Robert Seestadt 2. Don’t understand funder’s mission

22. Nonprofit Budgeting ©2009 Robert Seestadt 1. No outside review before submission

23. Nonprofit Budgeting ©2009 Robert Seestadt Discussion & Close