PROBLEM: Your organization is heading into the 3rd quarter of your fiscal year, and you need to start planning for your 2024/2025 budget. As a manager, you need to make recommendations to your Executive Director and to the organizations Board of Directors regarding budgetary adjustments that need to take place in this fiscal year and recommend possible changes to the budget for the coming fiscal year.

SCENARIO Significant changes have taken place within the organization in the last three years. Moving forward, the following have become financial priorities to support staff and the organizations activities: Increased mental health supports (counselling services, insurance costs have increased), With inflation increased, staff income needs to increase to deal with rising costs of living; your staff team, who now work remotely 3 out of 5 days per week, and they need reliable laptops and cellphones for work.

You no longer need the same space as your team is spending the majority of their time working from home or out in the community. Therefore your utility costs have reduced. Your core funding from the Provincial Government has been reduced by 10% of your annual budget and you do not receive any Federal (Government of Canada) funding, or other external funding.

Other details: Your organization owns a building where the majority of your staff were based for their workday. The organization has equity on this building totaling $550,000, and still has a small mortgage. Your building is due for substantial repairs to roof, heating system and new windows. Other satellite buildings are rented, and used more frequently than your main building. A bequest (donation from an estate) of $100,000 is invested with typical 4% annual returns that get used annually to support families in need.

Pre-Budget Submission Organization Title: Good for Good Fiscal Year: 2024/25 Prepared for: Executive Director and Budget Planning Committee Date: Executive Summary: /10 Provide an overview of the situation not repeating what has been written above, rather providing your analysis about the challenges facing the organization, the strengths of the organization and the opportunities that need to be explored revising the budget for this fiscal year, and in planning for next fiscal year. To learn more about how to write an Executive Summary, please scroll down to the end of this document.

PROBLEM: Your organization is heading into the 3rd quarter of your fiscal year, and you need to start planning for your 2024/2025 budget. As a manager, you need to make recommendations to your Executive Director and to the organizations Board of Directors regarding budgetary adjustments that need to take place in this fiscal year and recommend possible changes to the budget for the coming fiscal year.

SCENARIO Significant changes have taken place within the organization in the last three years. Moving forward, the following have become financial priorities to support staff and the organizations activities: Increased mental health supports (counselling services, insurance costs have increased), With inflation increased, staff income needs to increase to deal with rising costs of living; your staff team, who now work remotely 3 out of 5 days per week, and they need reliable laptops and cellphones for work.

You no longer need the same space as your team is spending the majority of their time working from home or out in the community. Therefore your utility costs have reduced. Your core funding from the Provincial Government has been reduced by 10% of your annual budget and you do not receive any Federal (Government of Canada) funding, or other external funding.

Other details: Your organization owns a building where the majority of your staff were based for their workday. The organization has equity on this building totaling $550,000, and still has a small mortgage. Your building is due for substantial repairs to roof, heating system and new windows. Other satellite buildings are rented, and used more frequently than your main building. A bequest (donation from an estate) of $100,000 is invested with typical 4% annual returns that get used annually to support families in need.

Pre-Budget Submission Organization Title: Good for Good Fiscal Year: 2024/25 Prepared for: Executive Director and Budget Planning Committee Date: Executive Summary: /10 Provide an overview of the situation not repeating what has been written above, rather providing your analysis about the challenges facing the organization, the strengths of the organization and the opportunities that need to be explored revising the budget for this fiscal year, and in planning for next fiscal year. To learn more about how to write an Executive Summary, please scroll down to the end of this document.