...Continued from the Main Page Usually the senior and the experienced staff of the organization are involved in developing the budget. They should be in a position to take responsibility for financial aspects of the organization or a project. It is also better if they have experience in managing … [Read more...]
Planning the Budget or Budgeting the Plan
September 18, 2011 By
...Continued from the Main Page When developing a budget for a project or an organization, the exercise involves going back and forth from your activities to your budget and from your budget to your activities. This process will continue till you have refined it and gained confidence in the entire … [Read more...]
Types of Costs to be included in the Budget
September 18, 2011 By
There are different types of costs that have to be mentioned in the budget. Most donor agencies prefer to have the costs spread over different heads so as to get an overview of how the resources have been divided between different types. Basically, we can divide the overall costs as: Operational … [Read more...]
Matching Contribution in the Budget
September 18, 2011 By
...Continued from the Main Page You may have noticed in several Calls for Proposals, donor agencies put a condition that they would be able to fund only 70-80% of the total budget submitted to them for funding. The rest of the 20% should be sourced from elsewhere. Sourcing funding from elsewhere … [Read more...]
Defining certain terms in a budget
September 18, 2011 By
...Continued from the Main Page Here we discuss some commonly used terms in a budget and try to define them: Contingency Amount: Contingency amount refers to the money set aside to cover any unforeseen expenses of the organization or the project. Contingency expenses are required because any … [Read more...]
