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Nonprofit Grant Budgeting

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Includes 13 ways to mess up a grant budget; presented by Robert Seestadt to Michigan Nonprofit Association sponsored conference Oct '09

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Nonprofit Grant Budgeting

  1. 1. Budgeting Basics ©2009 Robert Seestadt / CFOShare LLC Nonprofit Accounting and Finance cfoshare.com 248.714.9400
  2. 2. Nonprofit Budgeting ©2009 Robert Seestadt Introduction Agenda and Format
  3. 3. Nonprofit Budgeting ©2009 Robert Seestadt Budget Types Enterprise vs. Grant-specific
  4. 4. Nonprofit Budgeting ©2009 Robert Seestadt Enterprise Budget Significant Elements <ul><li>Setting objectives </li></ul><ul><li>Top down & bottom up </li></ul><ul><li>Dealing with uncertainty </li></ul>
  5. 5. Nonprofit Budgeting ©2009 Robert Seestadt Discussion
  6. 6. Nonprofit Budgeting ©2009 Robert Seestadt <ul><li>Proposal </li></ul><ul><li>Application </li></ul><ul><li>Worksheets & supporting information </li></ul><ul><li>Reporting back </li></ul>Grant / Project Budget Key Elements
  7. 7. Nonprofit Budgeting ©2009 Robert Seestadt <ul><li>Wages & fringes </li></ul><ul><li>Indirect costs </li></ul><ul><li>In-kind </li></ul><ul><li>Matching requirements </li></ul>Grant / Project Budget Aspects
  8. 8. Nonprofit Budgeting ©2009 Robert Seestadt Discussion
  9. 9. Nonprofit Budgeting ©2009 Robert Seestadt How to mess up a grant budget
  10. 10. Nonprofit Budgeting ©2009 Robert Seestadt 13. Under-report true cost of program
  11. 11. Nonprofit Budgeting ©2009 Robert Seestadt 12. Wrong formulas; errors in worksheet
  12. 12. Nonprofit Budgeting ©2009 Robert Seestadt 11. Unclear/lack of “outcomes” in proposal and report
  13. 13. Nonprofit Budgeting ©2009 Robert Seestadt 10. Include “unallowable” costs
  14. 14. Nonprofit Budgeting ©2009 Robert Seestadt 9. Do not include finance team upfront
  15. 15. Nonprofit Budgeting ©2009 Robert Seestadt 8. Don’t read grant guidelines & criteria
  16. 16. Nonprofit Budgeting ©2009 Robert Seestadt 7. Miss deadlines
  17. 17. Nonprofit Budgeting ©2009 Robert Seestadt 6. No accountability for executing program
  18. 18. Nonprofit Budgeting ©2009 Robert Seestadt 5. Funding does not fit organization mission
  19. 19. Nonprofit Budgeting ©2009 Robert Seestadt 4. Unapproved budget / actual variances
  20. 20. Nonprofit Budgeting ©2009 Robert Seestadt 3. Wait until last minute to prepare
  21. 21. Nonprofit Budgeting ©2009 Robert Seestadt 2. Don’t understand funder’s mission
  22. 22. Nonprofit Budgeting ©2009 Robert Seestadt 1. No outside review before submission
  23. 23. Nonprofit Budgeting ©2009 Robert Seestadt Discussion & Close

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