• Departments & Offices
• Student Leadership Development
• Funding
• General Organization Financial Resources
• budgeting

Organization Financial Management

Start with a Budget

Budgeting is an important planning tool and an integral part of program planning. A budget is a projection of income and expenses, and can be revised as plans change. Prepare a budget for your organization with expected income and expenses for the year.

Maintain Good Record Keeping

Create a system for reporting actual incomes and expenses throughout the year so the organization knows where they stand financially. Organizational financial records should be retained for a minimum of five years.

Assign a Leader

Leaders should elect a member to manage financial matters for the organization. A Treasurer or Financial Manager should maintain transactional records. All financial records for the organization should be transferred to the new individual responsible with each officer or administrative transition.