Nonprofit Budgeting and Funding

Updated: Jul 27, 2020

JA Consulting and Corporate Tax Solutions strengthens the community by investing capital and expertise in nonprofits. We work with nonprofits in all fields of service by offering loans, training, and financial management advice and resources to help organizations address unexpected events, finance new opportunities, and realize strategic goals.

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