What are the components of a quality Nonprofit Budget?
There are 2 essential sections: Revenue & Expenditures
1. Revenue is by type --- Donations, grants, and other income sources…
2. Expenditures are line item expenses and have 3 components:
Component 1---Salaries; Salary section is in 2 parts
a. Gross salaries
b. Fringe benefits (payroll taxes, health benefits, retirement, worker’s compensation,..) NEXT ·
Component 2-----Operation and Maintenance (list of expenses) ·
Component 3 -----Administration Overhead also known as Indirect Cost
See my Blog on Nonprofit Budget Templates ...