Simply put, a budget is a document that reflects the priorities of an organization. 2020 saw major shifts in organizational priorities, which means we need to get back to the basics of budgeting. In this Learning Lab, we will dive into the importance of approaching the budgeting process with new assumptions rather than relying on the old form. As many of us will hang on to virtual programs, accessible pricing models, adapted staff structures, and remote work in the future, it is important to use our budgets to help us achieve our missions through the lens of finance.
In this session we will discuss:
- Diagramming your programs to better understand who they benefit, what they do, and how much they cost
- Building a budget model that supports your new assumptions about programs, funding sources, and overhead
- Budget scenario planning to help you think about scale you can support in the future
- Connecting your program evaluation to your budget with key performance indicators
Presenter: Corrigan Nadon-Nichols, CMA / Corrigan Consulting Services