You are a nonprofit manager and you are preparing for the upcoming fiscal year. You are in charge of leading the budget process for the organization. Briefly describe how you would start to prepare the organizations budget. What considerations would you need to take into account? Who would you involve in the process? What are the timeline and key activities of the budget process? Once your budget is developed, what steps would you take to ensure the organization is on track to meet its budget?

Preparing a Budget

o Describe the key steps you would take to prepare your nonprofit organizations budget. Cite at least one academic source to support your response.

o Discuss the considerations that you would need to take into account when preparing the nonprofit organizations budget. Cite at least one academic source to support your response.

o Describe individuals involved in the budgeting process. o Outline the budgeting process timeline and key activities.

Ongoing

o Describe the steps you would take to ensure the organization is on track to meet its budget.