10 Steps to an Operating Budget
Consider the 10 steps to creating, implementing, and managing an annual organization-wide operating budget outlined by Dropkin, Halpin and LaTouche (2007) in Chapter 12. Identify the two steps that you think will be most difficult for you and provide support for your choices? Which of these steps do you think will be the easiest for you? Select one and explain your decision-making rationale? Your initial post should be at least 300 words.
Income and Revenue Projections
Part of the budget justification process involves the ability to project income or revenue. This information comes from the projected clientele by payer source. Explain why this aspect is so important in the development of an operating budget. Your initial post should be at least 300 words.
PLEASE USE THE READING BELOW…..
Boucher, T. & Hudspeth, S. (2008). Ethics and the Nonprofit. Commonfund Institute. Retrieved from http://www.commonfund.org/InvestorResources/Publications/White%20Papers/Ethics%20and%20the%20Nonprofit.pdf
Calley, N. (2009). Comprehensive program development in mental health counseling: Design, implementation, and evaluation. Journal of Mental Health Counseling, 31(1), 9-21.
Dropkin, M., Halpin, J., & LaTouche, B. (2007). The budget-building book for nonprofits (2nd ed.). San Francisco, CA: Jossey-Bass.
Forester-Miller, H., & Davis, T. (1996). A Practitioner’s Guide to Ethical Decision Making. American Counseling Association. Retrieved from http://www.counseling.org/Resources/CodeOfEthics/TP/Home/CT2.aspx
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