Asked by Selena Cheng on Apr 27, 2024
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Nonprofits should have an operating budget, a capital budget, and a cash budget.
Operating Budget
An operating budget consists of all revenues and expenses over a specific period of time (usually fiscal year) that an organization expects to incur to carry out its planned activities.
Capital Budget
Capital Budget constitutes the planning and allocation of funds for significant long-term investments or expenditures that a company or organization undertakes to grow or maintain its business operations.
Cash Budget
A financial plan that estimates the income and expenditures of an entity over a specific period, often used to assess its liquidity and funding needs.
- Master the exclusive financial administrative and reporting duties present in nonprofit leadership, featuring the process of budget planning and the significance of internal audit teams.
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Learning Objectives
- Master the exclusive financial administrative and reporting duties present in nonprofit leadership, featuring the process of budget planning and the significance of internal audit teams.
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