Budget Analysis & Revisions
Every program (grant) has an annual operating budget that reflects ongoing program expenses. This budget includes all revenue and expenses related to the program, and it spans a specific period of time – the organization’s program year (PY); and in some cases its fiscal year (FY). In addition, when there's a capital budget involved (for facilities) for a new space or renovating an existing one, there's a further need for attentive analysis. Both, operating and supplemental, budgets require a great degree of astute planning, communication, financial control and oversight.
The more clear, accurate, and well-thought-out budgets are in the beginning, the more likely you will be able to –
- Adjust plans, activities, and spending
- Spend money cost-effectively
- Produce defined outcomes from goals
- Strengthen internal control systems
There's always a need to build capacity in budgeting; whether its learning to capture financial metrics, understand the relationship between financial statements and the budget, or analyzing the resulting data (e.g. key ratios).
Budgeting should be more than just "a plan". It should be a tool for realizing growth. Specifically, community-action and non-profit grantees benefit from "mindful-budgeting". Budgeting with an intention towards growth and non-reliance on discretionary funding is the direction of the future. Let us demonstrate the "how".
EHS-CCP requires a unique approach to budgeting. Being the first vetted consultant group to engage with EHS-CCP expansion we've developed innovative budgeting modules; and assisted in developing proprietary policies and agreements. We understand the recipe for success in early childhood expansion. Contact us to ensure your program excels.
The more clear, accurate, and well-thought-out budgets are in the beginning, the more likely you will be able to glide through to approval. However, it's important to always build-in contingencies that allow one to adjust plans, expand activities, and conduct revisions when required.
Always Room for Growth
There's never a better time to increase your organization's capacity and expertise in budget planning, analysis, and monitoring. Its a key measure in compliance and oversight; but also an essential control for cash management. Allow us to assist you in –
- Increasing your budgeting capacity
- Developing a “clean" and fundable budget
- Creating processes for evaluation and monitoring
- Demonstrating cost effectivenes
- Establishing new budgeting processes