[SOLVED] Budgeting for Financial Control
Budgeting for Financial ControlProgram development involves learning and understanding the major principles and models of budgeting. Budgeting for financial control of a human services program involves making decisions about managing the budget, including selecting the appropriate method based upon how the program is structured.Please respond to the following:1) Explain the concept of financial control.a) Describe how the financial control purposes of budgeting deals with the relationship between revenues (inputs) and expenses (activities).2) Identify the three major models of the budgetary process.a) Describe the similarities and the differences within the models.3) What are the three principal purposes of budgeting? What are the three major corresponding budgeting systems?a) Describe the similarities and the differences between the three.4) In your opinion, should small nonprofit organizations hire outside consultants to help them with budgeting issues, or should they develop their expertise in-house? Use your text or other professional resources to support your answer.READING RESOURCESPlease read the following chapter in the text: Kettner, P. M., Moroney, R., & Martin, L. L. (2017). Designing and managing programs: an effectiveness-based approach (5th ed.). SAGE. Chapter 12: “Budgeting for Financial Control, Management, and Planning”Additionally, please review the resources below:Web ResourcesFiscal Management Associates. (n.d.). Resources. https://fmaonline.net/nonprofit-financial-management/financialresources/Nonprofitworks. (2018). Budget basics. https://www.nonprofitworks.com/wp-content/uploads/2018/04/Budget_Basics.pdfNonprofitworks. (2018). Budget planner. https://www.nonprofitworks.com/wp-content/uploads/2018/05/Budget_Planner.pdfNonprofitworks. (2018). Sample revenue projection.https://www.nonprofitworks.com/wp-content/uploads/2018/06/Sample-Revenue_Projection.pdfGrants.Gov. (2019, October 29). What is a Budget Narrative? https://grantsgovprod.wordpress.com/2019/10/29/what-is-a-budget-narrative/Kettner, P., Moroney, R., & Martin, L. (2017). Designing and managing programs: an effectiveness-based approach (5th ed.). SAGE.Office of the State Superintendent of Education. (2017, November 13). Budget Narrative/ Justification Example. https://osse.dc.gov/publication/budget-narrativejustification-exampleDOC should be utilized!
