It's Budget Season Again!

For many not-for-profit organizations, it’s that time of year … budget season. What side do you take, are you excited for the opportunity to plan for your organization’s future, or do you dread the seemingly never-ending process of cutbacks and of having to say no? Unfortunately, since 2008 most organizations have fallen into the latter category.

So what would it take to move your team and organization to the former? Imagine the following:

  • Make the data gathering process easier and more reliable

    • The result – a senior leadership team able to focus on decision-making and a management team not lost in fact and formula checking.

    • The how – invest in systems and databases that bring the information to you, reduce the risk of error, and limit time and energy spent on producing spreadsheets.

  • Spend valuable time on idea-generating activities rather than negotiations with colleagues on how to spend finite resources

    • The result – identifying new ideas and models on how to execute the organization’s mission, and leverage all the organization’s key drivers of success (reputation, relationships, quality, intellectual capital, financial).

    • The how – commit to doing things differently and invest in time to assess current processes against a desired future-state.

  • Find ways to say yes

    • The result – an organizational culture that understands reality and works together toward the desired objectives.

    • The how – have the tough conversations, be transparent and share key indicators regularly with the team. As progress is made, the team will quickly see how achievable, the ‘yes’ really is, or what actions still need to happen to drive success.

While these three steps sound simple, we all recognize the challenges organizations face, especially during the budget time. Maybe this cycle can be different? Is this the year your organization tackles the dreaded budget season and turns it into something that drives growth and opportunity?

The Schneider Downs Not-for-Profit Industry Group is committed to staying up-to-date on trends and developments affecting the industry. You can click here to subscribe.

You’ve heard our thoughts… We’d like to hear yours

The Schneider Downs Our Thoughts On blog exists to create a dialogue on issues that are important to organizations and individuals. While we enjoy sharing our ideas and insights, we’re especially interested in what you may have to say. If you have a question or a comment about this article – or any article from the Our Thoughts On blog – we hope you’ll share it with us. After all, a dialogue is an exchange of ideas, and we’d like to hear from you. Email us at [email protected].

Material discussed is meant for informational purposes only, and it is not to be construed as investment, tax, or legal advice. Please note that individual situations can vary. Therefore, this information should be relied upon when coordinated with individual professional advice.

© 2021 Schneider Downs. All rights-reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission.

our thoughts on
ASC 842, Leases – ASU 2021-09 Provides Additional Guidance on Use of Risk-Free Rate and Required Disclosures for Non-Public Entities
IRS Joins Forces to Combat Fraud Against Charitable Organizations
What to Expect When You’re Expecting a Single Audit
Audit, ERISA BY Patti Giudici
Employee Benefit Plan Audit Requirement FAQs
Tax-Exempt Organizations Must Notify IRS of Responsible Party Changes
Register to receive our weekly newsletter with our most recent columns and insights.
Have a question? Ask us!

We’d love to hear from you. Drop us a note, and we’ll respond to you as quickly as possible.

Ask us
contact us

This site uses cookies to ensure that we give you the best user experience. Cookies assist in navigation, analyzing traffic and in our marketing efforts as described in our Privacy Policy.