Budget Training for Chapters

Diane Juskelis, MS, RD, CSP, LDNDirector, Practice, Member Interest and Affiliate Relations

&

Jeff EisenbergADA Controller

Budget Development & Management

04/09/23

1. Budget Basics

2. Budget Development

3. Budget/Fiscal Management

4. Internal Guidelines

AGENDA

1. Budget timeline

2. Strategy/Program of Work

3. Financial Statements

4. Chart of Accounts

5. Budget Template

6. Standard Cost Sheet

SUPPLIES

BUDGET TIMELINE

Program Tracking Example One

Templates Available at

www.eatright.org/affiliateresources

6

Program Tracking Example Two

CHART OF ACCOUNTS

Membership DuesMeetingsPublicationsSubscriptionsGrants SponsorshipsOther

Salary and WagesTravelProfessional consultationsRentTelephone/TeleconferenceMeetingsAdvertising

Revenue Expense

BUDGET TEMPLATE

Standard Cost Sheet

9

Templates Available at

www.eatright.org/affiliateresources - financial management section

Developing your Budget

04/09/23

Step One: Strategy & Program

Step Two: Strategy & Program

Step Three: Prioritize

I have a deficit – now what?

I have a surplus!

New Programs

Step Three: Prioritize

Step Four: Formatting the Budget

Step Five: Reserves

Total assets – total liabilities = reserves

50% to 100%

Step Six: BOD Review & Approval

Ensure all board members review the budget “with a fine-toothed comb”

Fiscal Management

04/09/23

Cash Flow & Disbursement

• Financial Planning Policy• Budget Policy• Financial Control Policy• Investment Policy• Audit Policy• Procurement Policy• Leader and Staff Reimbursement

Policy

Internal Guidelines

Internal Guidelines

Questions?

04/09/23

Additional Resources• www.eatright.org/affiliateresources (Financial Mgmt Section)

• The Complete Guide to Managing Chapter Funds - Susan Vowell

• Minding the Money: A Practical Guide for Volunteer Treasurers – Alden Todd

• Financial Responsibilities of the Nonprofit Board by Andrew S. Lang

• ADA Staff: affiliate@eatright.org or 312.899.4870

Look for Future Treasurer Training in Q3 2009!Topic: Financial Statements & Mid-Year Review