Developing and managing budgets can be a challenging task for NGOs whenever they need to plan a project, write a proposal and implement an activity. Efficient financial management is essential for the growth of any organization. Besides, if you have well-managed and transparent financial system, it … [Read more...] about How NGOs can develop budgets in their Proposals
What is a Budget – for NGOs?
...Continued from the Main Page “Budget” is a term that NGOs often come across when they need to plan and implement a project activity. Besides, we also come across this term again and again when we are in the process of developing a proposal. Any donor funding for NGOs is limited and a proper and … [Read more...] about What is a Budget – for NGOs?
What should not be done with a Budget – for NGOs?
...Continued from the Main Page We have read about what NGOs can do with a budget: manage organizational expenses and income, plan project activities, fulfill donor expectations and also work towards long-term sustainability of the organization. Now we try to understand the essential things that … [Read more...] about What should not be done with a Budget – for NGOs?
Why budgets are so complicated for NGOs?
...Continued from the Main Page Developing budget is always a complicated task for NGOs especially when they need to develop a proposal and satisfy every entry given by the donor agency in the budget format. Sometimes it is easier to write a proposal than developing a budget to request … [Read more...] about Why budgets are so complicated for NGOs?
Involving the NGO team in developing the budget
...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...] about Involving the NGO team in developing the budget
Planning the Budget or Budgeting the Plan
...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...] about Planning the Budget or Budgeting the Plan
Types of Costs to be included in the Budget
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...] about Types of Costs to be included in the Budget
Matching Contribution in the Budget
...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...] about Matching Contribution in the Budget
Defining certain terms in a budget
...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...] about Defining certain terms in a budget
Government of UK launches the UK Aid Match Scheme, giving public a say how part of the aid budget is spent
Source: http://www.dfid.gov.uk/ The Government of UK has launched The UK Aid Match scheme under which public support for charity appeals will be matched pound for pound, or in other words, the government will double the money donated by the public to appeals for charity projects in developing … [Read more...] about Government of UK launches the UK Aid Match Scheme, giving public a say how part of the aid budget is spent
