The IPOOG Grant Management Lifecycle outlines essential phases from pre-award to post-award, emphasizing governance and administration. Nonprofits must assess grant eligibility, application processes, and funding strategies while maintaining compliance. The lifecycle stresses effective communication, risk management, and the importance of storytelling in grant reporting for future engagement and improvement.
Continue readingMy blog, Go Forth and Budget, discussed the challenges of a family finding the time, tools and enthusiasm to budget. These challenges were presented in a 2×2 Family Budgeting. This blog provides one solution: A Simplified Family Budget Spreadsheet.
The previous blog, Go Forth and Budget, described two challenges facing a family attempting to develop a household budget: staying motivated and which budgeting method to use. These challenges can be mapped onto a 2×2 Matrix as follows:
Having been a ‘budget-guy’ my entire professional life, I have promoted the concept of ‘Just-Enough Budgeting‘. Use only enough planning to achieve the maximum value from the planning [1]. Developing financial plans are expensive, challenging to maintain and may run counter to the well-being of an organization [2].
One definition of financial literacy is: “… having the knowledge, skills and confidence to make responsible financial decisions.” [1]
Human resource costs can represent a large portion of an organization’s budget. They also come in a variety of shapes and sizes: hourly, salary, permanent, temporary, contracted, etc. This blog provides a range of methods to estimate these costs. A key feature is that there is not a one-size fits all solution.
I recall sitting in a board meeting for a non-profit I was involved with years ago and the budget process came up. Specifically the word ‘budget’ meant to different things to different board members.
There are two inherent tensions when it comes to budgeting: compliance versus cooperation and people versus technology.
Organizational Biology 