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Financial and Strategic Management for Nonprofit Organizations, Fourth Edition by Herrington J. Bryce

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Chapter 16 Budgets: Controlling Costs and Sending a Message

A budget is probably the single most important tool a manager has for shaping the direction of the nonprofit. The budget is a financial plan for the organization. Constructed properly, it is the organization’s internal business plan. It is also a tool of control. A budget tells a lot about an organization’s ambition. It can also be fiction. One glimpse at a budget reveals a whole lot about an organization—from its size to the reasonableness of its ambition.

This chapter goes beyond counting beans and putting them into categories. The fundamental question it addresses is, how can a budget serve the purposes of management? It begins by showing the various purposes a budget can serve, from ...

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