Association Budgeting: Best Practices and Lessons Learned

Association Budgeting: Best Practices and Lessons Learned

Budgeting February 1, 2016 By: Josh Keene, CPA and Paul Preziotti, CPA

When budgeting time rolls around at your association, is it a time to take a fresh look at your association's operations or merely a formality for planning to do more of the same? Here are several tips for making your budget a tool for success.

Developing an annual budget is a challenge for all organizations and a job in which improvement is continuously desired but rarely achieved. A well-done budget is a realistic prediction of future operations and should be used as a tool for planning and monitoring the achievement of organizational initiatives. ...