Updated: Jul 27, 2020
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Budgeting: A 10- Step Checklist
A budget is a planning tool that reflects an organization’s programs, mission, and strategic plan. This 10-step budgeting checklist helps guide the budgeting process, which typically should begin at least three months before the end of the fiscal year to ensure that the budget is approved by the board of directors before the start of the new year.
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1. Determine timeline
•Set target date for board approval
•Allow time for each step and for review and discussion
•Approve before beginning of fiscal year beginnin