Building Blocks for Small Organizations – Budgeting Basics

As cultural organizations work to sustain their critical role in their communities through turbulent times, collecting and analyzing financial data is more important than ever to help you weather the storm and prepare for a successful future. We know that many arts leaders take on their roles with great passion for their organizations’ missions, but limited knowledge of the basics of the financial management. This Building Blocks series attempts to fill in the gaps in your financial knowledge, one piece at a time. In this session, we explore the annual budget process: why budgeting is critical, and how to use a budget template, create different types of budgets for different audiences, and monitor your budget throughout the year.