Description
Standards for Excellence 3.0
Financial Budgeting, Reporting and Monitoring Part 3: Financial Stewardship 6
27.1 Financial Oversight 7
27.1.1 Finances reflecting the mission, ethics, and values of the organization 8
27.1.2 The Role of the Finance Committee 9
27.1.3 Staff Accountants Working with Board 9
27.2 Percentage of resources for programs, fundraising, and administration 10
27.3 The Budget as a Guide 11
27.3.1 Monitoring Budgets 12
27.3.2 When to Revise a Budget 13
27.3.3 What happens if we have an expense we didn’t budget for? (when to deviate from the budget) 14
27.4 Reserves – How Much is Enough? 14
27.5 Managing in Times of Budget Constraints 15
27.6 Monitoring Investments 16
Selected Resources for Financial Budgeting, Reporting, and Monitoring 17
Books, Articles, and Websites 17
Blogs 17
