• Annual Budget

    Posted by Susie on October 18, 2023 at 1:48 pm

    I keep getting stumped by this question: “What is your organization’s annual budget?”

    I sometimes get a pull-down list of ranges, but where will I find that figure?

    Mark_Hager_Forum_Moderator replied 6 months ago 3 Members · 2 Replies
  • 2 Replies
  • Wade_Rogers_Forum_Moderator

    Member
    October 19, 2023 at 9:00 am

    Hi Susie…that is a question I so frequently receive! My interpretation is that it is the total expense of an organization. So, depending on the time frame asked, it could be your budgeted expenses for the current year or your actual expenses for the prior year.

    Any other forum members get this same confusion?

  • Mark_Hager_Forum_Moderator

    Member
    October 19, 2023 at 10:03 am

    +1 on Wade’s response. This is a colloquial use of “budget” that I avoid precisely because of this confusion. Budget means allocation of resources to strategic aims, but that’s not what people are asking when they say “what’s your budget?” They probably just want to know about how much money you spend in a typical year. They’re just asking about your size.