Non-profit Organization and Budget

Topics: Non-profit organization, Finance, Forecasting Pages: 4 (1289 words) Published: May 22, 2011
CareSafe Foster Systems Budget
Dr. Drexel is the Head of Social Work for CareSafe Foster Systems. Dr. Drexel has begun working for CareSafe; a non-profit organization that specializes in foster care that helps connect needy children with caring and compassionate homes. CareSafe provides four main services: individual counseling, group therapy, parent counseling, and home assessments. Although Dr.Drexel has 10 years of experience working in foster care, she has very little financial experience and needs someone to develop the current budget for CareSafe. The current budget will allow Dr.Drexel to determine where CareSafe stands financially and how the future for CareSafe may look. Workable Budget

Now more than ever before many people have to evaluate their spending and saving habits in order to make ends meet. The world economic crisis is hitting people hard. Jobs are less secure, property can't be sold as easily as it used to be, and in some countries austerity measures have meant cuts in wages and pensions. And this means that knowing how to create a workable budget can make things easier to survive (Cummings, 2011). A workable budget is the key to any business success. If you want to keep your doors open and be prepared for the worst that may happen then a workable budget is where it all begins. Especially now with the way the economics are. There are no spare monies and every organization is competing for funding. A workable budget needs to be written down in order to see where you are at with the finances. When having a budget you know exactly where your money needs to go and how much needs to be paid out. In return you also know how much may be coming in. With having a workable budget you also know if you have any extra monies for those. With the budget that was put together there are a few ideas that can help. If the client is doing well then I would cut back on the individual counseling sessions by half. With that being said there will be less people...

References: Cummings, G. (2011). How to Create a Workable Budget. Ezine Articles. Retrieved from
Martin, L. L. (2001). Financial Management for Human Service Administrators. Retrieved from
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Non-Profit Budget & Finances Essay
  • Essay about non profit and profit organization
  • Non-Profit vs. for Profit Organizations Essay
  • Church, a Non-Profit Organization Essay
  • Profit vs Non Profit Organization Essay
  • Essay on Non-Profit Organizations
  • budget Essay
  • For profit and non profit organization Essay

Become a StudyMode Member

Sign Up - It's Free