Budget/Process
From PCSAR
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# Make sure that the current year's budget is up to date, by reviewing all board minutes since the budget was initially adopted. See [[#Monthly]] below | # Make sure that the current year's budget is up to date, by reviewing all board minutes since the budget was initially adopted. See [[#Monthly]] below | ||
# Determine projected/actual expenditures for each budget category for the previous year | # Determine projected/actual expenditures for each budget category for the previous year | ||
| + | #* Review the latest [[Financial Statements]] | ||
| + | #* For each [[Budget Category]], estimate and record the end of year projection | ||
== Monthly == | == Monthly == | ||
* Whenever the Board amends the budget | * Whenever the Board amends the budget | ||
** {{subpage|Update Budget}} | ** {{subpage|Update Budget}} | ||
Revision as of 15:20, 31 August 2017
Yearly
To develop the budget for the next year, we should:
- Make sure that the current year's budget is up to date, by reviewing all board minutes since the budget was initially adopted. See #Monthly below
- Determine projected/actual expenditures for each budget category for the previous year
- Review the latest Financial Statements
- For each Budget Category, estimate and record the end of year projection
Monthly
- Whenever the Board amends the budget
