Creating Budget Template

Below is the annual budget for your family services nonprofit in Hart City. A benefactor has left $250,000 to your organization, and you have to use money in a 2-year period. Determine how you will use the funds for Years 1 and 2, and justify your reasoning.

Current annual budget:

RevenueAmount 
General donations$50,000 
Appeals$23,000 
Monthly giving (12-month average)$47,400 
Fall gala$14,500 
Program fees—Head Start$100,000 
Program fees—youth mentoring program$30,000 
Program fees—parenting classes$25,000 
Program fees—senior yoga$40,000 
Program fees—food and diaper bank$0 
In-kind donations$60,000 
 Total Revenue$389,900
   
ExpensesAmount 
Salaries$204,000 
Payroll taxes$60,000 
Insurance$6,000 
Marketing and public relations$3,600 
Office supplies$4,200 
Postage and printing$1,500 
Professional services$18,000 
Program supplies$24,600 
Technology and phone/internet$18,000 
Rent and utilities$50,000 
 Total Expenses$389,900
 Net Gain/Loss$0

Annual Budget: Year 1

RevenueAmount 
General donations  
Appeals  
Monthly giving (12-month average)  
Fall gala  
Program fees—Head Start  
Program fees—youth mentoring program  
Program fees—parenting classes  
Program fees—senior yoga  
Program fees—food and diaper bank  
In-kind donations  
 Total Revenue 
   
ExpensesAmount 
Salaries  
Payroll taxes  
Insurance  
Marketing and public relations  
Office supplies  
Postage and printing  
Professional services  
Program supplies  
Technology and phone/internet  
 Total Expenses 
 Net Gain/Loss$0

Annual Budget: Year 2

RevenueAmount 
General donations  
Appeals  
Monthly giving (12-month average)  
Fall gala  
Program fees—Head Start  
Program fees—youth mentoring program  
Program fees—parenting classes  
Program fees—senior yoga  
Program fees—food and diaper bank  
In-kind donations  
 Total Revenue 
   
ExpensesAmount 
Salaries  
Payroll taxes  
Insurance  
Marketing and public relations  
Offices supplies  
Postage and printing  
Professional services  
Program supplies  
Technology and phone/internet  
 Total Expenses 
 Net Gain/Loss$0

Justify your budget choices:

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