This resource list from the National Council of Nonprofits explores the ways nonprofit organizations should approach the subject of budgeting. It addresses longstanding myths about budgets and offers tools and advice to help create them. It includes tips, insights, resources, and links to templates.
“Budgets should not be written in stone, because the financial position of the nonprofit may change during the year.… A budget is a guide that can help a nonprofit plan for the future as well as assess its current financial health. It is good practice to periodically review the budget as well as compare it to the actual cash flow and expenses, to determine whether they are playing out as expected during the course of the year. It may be necessary to amend the budget during the year.”