4/2/2024 0 Comments Nonprofit budget plan template![]() Divide annual costs out by month.Ĭalculate monthly costs for line items that are easy to estimate on an annual basis and are relatively consistent. Focusing on shorter time periods helps break down your monthly activities and account for special events or one-time costs. You’ll be able to make adjustments earlier, like reallocating funds or planning to raise more revenue. Use a format that lets you budget your activity per month rather than on an annual basis so you can track your monthly progress. Minimizing line items allows you to be flexible in allocating funds throughout the year. This can make your budget too complicated and lengthy. Minimize your budget line items.Īvoid adding too many line items or making them too specific. Start your budgeting process with known fixed costs like rent, utilities, salaries and insurance. Learn more about cost allocation in this video. ![]() Create a list of “nice to haves” you can add into your budget if you have projected funds left over after your necessary expenses are covered. Start with your known fixed costs like rent, utilities, salaries and insurance. Consider your fixed and necessary costs first. This post explores different budget outcomes.Ģ. Begin your planning process by asking, “What financial outcome do we want this year?” rather than “How can we make the budget balance. Your yearly budget might not break even, and that’s OK. Download our nonprofit budget template here. You can build out the line items in greater detail as you develop your budget, but beginning with these will give you a good start. Start with a general template that defines your main revenue sources and includes basic expense line items, like personnel costs (salaries, benefits, bonuses), office expenses (rent, utilities, copying, supplies) and travel (airfare, hotel, meals).
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