My Communities

Finance Manager in our company.
He's responsible for all department budgeting, and control the cash flow in the organization. He analyses the annual budget of the company and advises on where the improvement is needed.

In my Organization, the board would want to know about the whole budget. They would like to know whether the budget is accurate and sufficient. They would also like to know that the budget is in line with the Organizations requirements.
The Financial team would also like to know about the income and expenses of the budget,

That is true

I agree to this point as transparency is always good when it comes to finances

For our organization, the ED, funders, departmental heads and the board of directors would need the budget .

Budgeting must be approved by the executive committee and it should be in a planned way. Budget is fixed but sometimes it may be changer for the grater well-fare of the organization. Internal financial audit team must look into every steps of expenditure and policy maker should be creative more so that organization can be run smoothly.

In my organization ,the board members to use budget is the CEO. with the help of financial team, and department managers. They will need to know each departments expenditure for the year. and also should the organization need to apply for a loan , the bank will also want to see the company income , overhead, and projections. all this will enable them determine various departments input and how the organization is doing .

In my organization the research team head need to know the budget so that she knows how the team will work and within how much time period to implement the program goal.

For our organization, the project implementers need to know and utilize the budget. This is to minimize wastage and also to ensure that the project objectives are met. Otherwise, the project may stall as a result of lack of funds.

Our unit manager Mr. Dash will need to make use of our organizational budgets. He will need to know the resources that are at his disposal annually.

For our organization, the funders, boards of directors, regional coordinators and departmental heads need to use the budget in order to follow up our projects consistently.

The Programs Manager will need my budget, he would like to know how the specific program is synced with the rest of the team and how he would help execute the project.
The budget helps the program's manager to stay in line so not to overspend, but to proceed with his work in accordance to the budget

My organization is running an HIV and TB program with financial support from donors, the donors are the ones that need to use the budget to track spending on the activities that they support and to check if the activities are still aligned with the initial concept note when applying for the grant. During the year there are budget reviews to evaluate the organizations financial performance.

The Board in my organization will need to use my budget that has sufficient detail and is fiscally sound so as to ensure that all incomes and expenditures meet laws and regulations of the organization.

In our organization a budget is made for every department and every department has to prepare there annual budget according to the capital/ money allocated for your department.
For our department we plan our budget for an academy year . Some times the amount of money allocated for your department can't cover all your expenses for that academy year. We then take part of the money to organize a fundraising event . Then the money we Gain from the fundraising will be added to the budgeted money for the Department.

Foundations need to know that there are good plans for spending the money they provide on relevant and impactful activities.
A credible and balanced budget presentation would be an asset

For my organization,the Management board , MD and head of administration will be in use of the budget. They will need detail of all expenditure to be carried out in the department and to make sure each expenditure is justified.

The board needs to know if the budget is in line with the organization's set goals and objectives and if is in line with laws and regulations

In my organisation the board, the CEO,the financial team and the program teams need the budget so as to streamline and also make sure that the mission of the organisation is realized

The organization I work for, the CEO and PD will need to know the requirements of each department as well as the top 10 priority items from the budget list. The check these budgets to see if they align with the years theme and mission.

For our organization board members,finance team ,program managers and donors will need to use the budget.They will need to know how much will be spent from the amount provided on relevant impactful activities and programs .

In my organization, the CEO need to use the organizational budget. The CEO needs sufficient detail to ensure that all income and expenditures are in line with laws and regulations.

stakeholders, ceo managers and directors.

Regional staff would need to use the organizational budget to plan for specific activities, understand what are budget limitations for implementing the regional plans and what are timeline limitations. They will need to understand budget constraints in terms of project and overhead costs available.

stakeholders, ceo managers and directors.

The project manager needs to know about the budget, particularly, the sub-head for training as capacity building is a critical part of the project deliverables.

In my organization, the program manager needs to know every 15 days how the budget control is going, the finance team is in charge of updating each item of the actual budget spent during that period of time, and sends it to the manager so that he can make the estimates for the following month. Also, the funders need to know how their funds are spending.

Donor1:- Needs the budget information in order to ensure real activities are indicated in each budget line to figure out how the project can be implemented.

Our program managers need to know the budget for how much he can spend or he is allocated to spend for particular programs and how to effectively use the funds throughout the program.

For my organization, the necessary stakeholders that would be involved in every process of budgeting includes, board members, the ED, the project officer, project coordinator, finance team, and IT/Social media managers.

In my organization, I will need to see the budget as well as the Executive Director and our Board of Directors. They need to be able to see the expense variance as relates to the revenue for our Gala events and programs. We like to keep expenses within 25% of the budget or expected revenue. It is always good for them to be able to review and compare our budgets from year to year to see where and how either expenses have increased or decreased and the same for revenue so we can make adjustments as we plan for the upcoming fiscal year budget.

Program Managers will use the budget as a guide and financial tool to ensure they stay within budget lines while implementing their programs. It will also assist them in monitoring and evaluation of the program impact vs expenditure. This will in turn help in guiding the next financial year's monetary needs.

For my organization, all stakeholders including the company owners, the CEO, unit managers, and the lower level employees need to use the budget. In general the whole team needs to know the mission, vision, budget, and target set for the organization. As a result, the team can use this information to work harder and avail whatever is necessary within their line of duty in order to ensure that the budgeted targets are achieved. In addition, the team can learn from what parts of the budget has not been achieved and plan to achieve it in the next period.

haloooooo

great topic

In my organization, the Seven(7) board of directors need to make use of our budget. the needs sufficient detail to ensure that all income and expenditures are in line with laws and regulations.

Funders who need justification of the need and spending of the money on impactful activities

In my organization, the ED, the management team, Finance team and program department are the ones that need the budget. The ED will need to know the state of the organizational financial standing, Finance team need to monitor and check the rate income or expenditiure and Program will need it know the budget and scope of their program activities.

From my organization the Technical advisors which are the field officers or the experts who implement the program to promote sustainable employment for you the youth seeking greener perspectives in the hinterlands will be using the budget to draw their yearly action programs.

From my organization cash flow is being tracked quarterly in regards to the stream line activities taking place in other to monitor the align it with the budget OP to checking how much is being spent and how their budget target will be achieved.

In my organization, the budget is needed by the Board of Directors and Donors. The Board of Directors need to know the cash flow in the organization and the expenses undertaken by the organization. They will use this information to approve the proposed construction of Children's Home. The Donors on the other hand, need this budget to affirm that there is a proper plan for the money and grants requested for.

As organizations grow, their management structure typically becomes more complex. A tiny NGO with 12 employees and a single program may have only one or two levels of management, while a large, international NGO with five portfolios and 400 employees will have several levels of management, from CEO to mid-level manager to entry-level associate.

Likewise, a small organization may be able to create only one or two levels of budgets. As an organization grows and becomes more complex, however, additional levels of budgets become necessary.

Program budget: A financial plan for a single program.

The most basic type of budget is a program budget. This describes the income and expenses for a single, unified set of activities as well as a proportion of the overhead expenses (costs not spent on direct activities).

Department budget: A financial plan for an entire department.

For medium or large organizations, it may make sense to consolidate the most important information from several programs into a single departmental budget. Additionally, this budget would include any budget details for the functioning of the department itself, including the salaries of department managers and a proportion of the organization’s overhead costs.

Organizational budget: A financial plan for an entire organization.

Organizational budgets describe how resources are acquired and spent across the entire organization. An organizational budget is an essential management tool that is typically created annually. It should identify all the expenses and income for the entire organization for the upcoming year.

Organizational budgets consolidate the information found at the program or department level

My executive director will need information from my area to feed the executive area budget. She will need to know the monthly/yearly expenses of the area, what are the min activities and resources we need to accomplish area and organization goals

The purposes of budgeting are for resource allocation, planning, coordination, control and motivation. It is also an important tool for decision making, monitoring business performance and forecasting income and expenditure. With proper budgeting, limited resources are managed efficiently.

Stakeholders of nonprofits include both internal and external actors including volunteer board members, paid staff, program directors and volunteers, congregants, and association members. Broad communities and governments are also stakeholders as are clients and the families of those served.

I see HHWT need to set up capital budget to buy the current building we rent, the capital budget will give guidance to the board of directors to what funding needs to complete the capital purchase. It would show the baby steps we need to take and fund. Such as cost of building appraisal, inspection, architectural drawings, cost of material, improvements, etc.
By setting up a capital budget , our donors can see we have a plan and what costs we we be undertaking in purchasing the building.

A shared budget to us is where all the members of the organization members, staff, executive, board and will need the budget, in the creation and implementation

in my organization
the board member needs to know about the budget in order to decide the plan and make sure that it is going with the regulations that they made.

In our Organization the Board members, the CEO, the Finance team, the Program and units officer will need to use the organizational budget. They will want to know the budgeted(expected) income and expenditure for the year inline with the individual account chart of our organization in comparism with our last year actuals. THE PROGRAM OFFICER HEALTH will want to know the available funds per each of her project activity and information the previous year actuals expenses.

The board of directors need to have a comprehensive understanding of the budget ensuring the organization is operating within legal boundaries and keeping in focus with the mission statement.

For our organization is the budget holders who are in charge of implementation to understand the scheduled time so that they can follow the initial plan

The project manager and program managers will need to know every budget item because the activities that have been planned will go hand in hand with required funds. At this time, they can determine approvals of funds for activities or review of the budget if an important activity has not been budgeted for.

My organization should create a cash flow budget every month because the we deal with monthly projections .so our income is every month.

A Managers need to plan for both revenues and expenses, when budgeting which is an indication of good budgeting. A good budgeting system will help a company reach its strategic goals by allowing management to plan and to control major categories of activity, such as revenue, expenses, and financing options. Managers must also understand how to analyze the financial health of their department, and possibly the entire organization. Profits and losses will impact the annual budget and an excellent budgetary manager can review financial statements and make informed decisions for their budget based on the information they find.

For my organization, the board, program managers, finance team and funders would need to use the budget. All mostly time determine the feasibility of the operations at hand and for funders to know where their money is going into this time.

The Funders will need to know how their money is being spent and whether the expenditure aligns with the purposes for which they are donated the funds. The CEO needs to know because she has ultimate responsibility for all of the management of all funds. The buck stops at her Mismanagement could result in lack of trust, reputational damage and withdrawal of funding or difficulty attracting new donors. Ultimately it could redound to the end users being deprived of need support.

The Board has to approved and the CEO will need to ensure that all protocols are followed during the execution stages
Managers and units, we will need to know that all expenditure must be within the budgeted cosntraints to ensure consistent alignmnet.

Those who will need the budget involve the board, the CEO, the ED and the Finance Team

In my organization, the leadership team has to approve it and submit it to donors. At the local level, the head of mission, together with the finance department and program managers, controls the entire budget planning process. The people who need to use the budget are in the finance and program departments to see that the programs are progressing well and on time.

CEO, Finance Manager, Program Manager and focal person of the funding agencies are the key figures, who plan, review budget at different intervals.
Purpose of this exercise is to ensure that all the budget heads are in correlations with the planned and ongoing activities and may not exceed at all.
Finance department provides technical inputs, and review the current inflations and market prices,
Program Manager ensure that all the expenses are in flow along with the ongoing or planned activities, and ensure cost-effectiveness of the budget expenses.
CEO looks towards sustainability of the organization, provide final approval to budget changes, addendum etc,
While Funding focal person is in close coordination with all and focus on to agree on developments.
All expenses are in flow along with activities, efficient, cost-effective, and sustainability are ensured.
In depth review of the budget will definitely pave the way for internal and external audits.

The organization use the budget was made for 6 months activities, which was specifically made for blood drive activities.

Funders and they will need to know what good plans you have, how impactful and relevant they are for them to spend their money

In our organization the board, managing director, finance manager and heads of departments use the budget. The managing director and the finance manager are likely to use the budget in most occasions to be able to control expenditure and to know the amount of resources allocated to different types of costs to avoid overspending. They will also need that to come up with strategies for revenue collection to attain their goals.

The CEO will need

The ED, Chief Financial and Senior Director of Administration needs to use the budget for the proper running of the organization.

The CEO ,finance team and funders will need to use the organizational budget. The CEO will need to know whether there is sufficient information to know the financial sustainability of the organization, the finance team will need to have a comprehensive access to all the income and expenditures of the organization and the funders will need to know if there are good plans on how the money they are providing to the organization are being spent.

Hello!
I'm Jibu Jean Claude from the DRC.
Assignment on module 1

The funders, Managing Director, Programme Director, Finance team need to know of the overflow of income and expenditures in the organization so as to determine the amount of funds that is needed for the project.

The finance team will use the organizational budget. The will need full information on the income and expenses of ongoing activities, and even for the previous year (s)

The president of our nonprofit will need the organizational budget in order to manage the overall success of the organization, to plan for the future, and to address any expense creeping that may occur.

The Program or Unit Managers are vital to using the budget. They need to know the entire budget that consists of all the income and revenue expenditures. They need to keep up with the budget daily to track income and expenditures are spent in accordance with guidelines of the project.

Program manager need to know the budget, the draft budgeting needs to be prepared for him in order for making a good decision.

Program manager need to know the budget, the draft budgeting needs to be prepared for him in order for making a good decision. 1st Jan should make the budget done in order for program manager to make decision for company.

Program managers will need to know how much is allocated to them annually.

My organizational budget is used by various stakeholders ranging from the Minister who wants to know how much impact the organisation is making on Nigerians, the Board of directors needs the budget to ensure the funds are well utilised, The Executive director, needs the budget to be able to give proper and accurate report to the members of the National Assembly who comes for over sight functions

My organizational budget is used by various stakeholders ranging from the Minister who wants to know how much impact the organisation is making on Nigerians, the Board of directors needs the budget to ensure the funds are well utilised, The Executive director, needs the budget to be able to give proper and accurate report to the members of the National Assembly who comes for over sight functions

The Donors will need to use the budget in my organization. They will need to know how the cash flow process is going on in order to understand how funds are being disbursed across the various departments of the organization. They need quarterly financial briefing in order to understand how capital is being used in the organization.

The Board of Directors. They need to assess the current overall fiscal health of the org, in order to make strategic recommendations on how programs should grow, evolve, or change.

In my organization, the finance team has to keep updated the information. However, it is me as s project controller who is responsible of the expenses and how the money is spent

In my organization, the managing partner, He needs to know what are the individual departmental plans and their implementation to manage cashflow.

the project director , finance team ,board members and ED need to use the organization budget they need to know the sufficient detail to ensure that all income and expenditure are in line with low and regulation.
they need to understand how annual budget will further the organization mission and they need to know which activities are budgeted for.

For our organization, board members, the CEO, the financial team and PMO will need to use the organizational budget. They will need to know each departments spending and income generation, overhead, and projections. They will need to be able to determine various departments input and how the organization is doing overall.

For our foundation the management team will need to use the budget provided since they need to check whether its in line with the laws and as well the projections of activities to be held, expenses and incomes if any

For our the case of our organization , the ED, the finance team and the program managers will need to use the budget to know our expected income and expenditure of the organization and this helps them to seek for funding to support other activities.

The CEO needs to see the budget to oversee if there is any critical adjustments to be made and then communicate it to the funders.

In my organization, the ED, Program director, accountant and donors need to use the budget. They need to know the funds or donations that are expected to reach the organization. The director of programs needs to use the budget to plan and coordinate activities on sexual and reproductive health (SRH) services. He needs to know funds available to execute the plans, if there would be volunteers, and how many they would be, and how much time they are willing to contribute. He also needs to know partner organizations that will participate through provision of resources in implementing then programs. And ultimately, these will help him in streamlining and prioritizing the activities that will have the most impact based on availability of resources.

The stakeholders who need to see my budget are the funders, finance team, program unit, ED and Board. They will need to activities planned, they will provide technical support and ensure the budget is sound.

In my organization the financial team needs to approve budget and submit it to donors. They wan tot know about the income and expenditure of various levels, i.e. yearly, quarterly and monthly. The finance department also tracks and monitor the finance budget at a monthly base. Project coordinators also make sure the partners are applying the resources in order to ensure the organisation mission and goals.

In my organization the financial team needs to approve budget and submit it to donors. They wan tot know about the income and expenditure of various levels, i.e. yearly, quarterly and monthly. The finance department also tracks and monitor the finance budget at a monthly base. Project coordinators also make sure the partners are applying the resources in order to ensure the organisation mission and goals.

The cash flow budget is a plan of how cash will be coming into the operation (cash inflows) and leaving the operation (cash outflows). The keyword is “cash.” If cash is not entering or leaving one's pocket, then it does not go on the cash flow budget.

In our organization the board needs to know the budget and the plan so that they decide on how to move forward with it. secondly, the CEO needs the budget to ensure that organizational program/project(s) are in line with the budget. thirdly, the project managers need the budget to ensure activities are in line with the budget. all in all all the stakeholders need the budget so that each and every one knows what they should do at their level because without a budget the organization is in darkness so the budget is the light even the ground staff will be confident enough after knowing the organization budget.

We have learnt more and very insightful things which some of us did not know or pay much attention to them before. I have submitted my reponses regarding the discussion now am here to inquire about one thing. we have seen the budget stakeholders who they are, how they contribute and what they need now who do develop budget? THANKS.

it is important for the program manager to have a certain idea of the budget to plan carefully their goals and projections.

the program team members normally estimate the funds required in their department based on the various activities

the project managers are the ones who are more involved in the budget since they are the ones who drafts them, they need to know the expenses that are available to them foe the whole year but before that, they should know the previous year expenses.

All the stakeholders of the organization need to use the budget for instance the Board, CEO, the treasury department and all the department of the organization because without a consolidated budget all the tasks of the entity will be mess.
the budget team require to know all the available resources such as income and expenditures to prepare a sufficient budget based on the need of the entity.bolded text

The project manager will need to provide information on what is needed to the finance department. The department will then make a budget in accordance with the requirements. The CEO will review the budget and approve it or not. Then the CEO will inform the board what is on ground

Each group of the stakeholders will use the budget in a different way. The board needs it to make sure that it is in line with rules and regulations. The executive director will use it o ensure the financial sustainability of the organization. The finance team must have comprehensive access to any and all income and expenditure information Program or unit managers need information on previous years' actual expenses. Funders need to know that there are good plans for spending the money that they provide on relevant on impactful activities.

The following personalities will need to know the organization budget; board, CEO or ED, finance team, program manager and funders. The board needs to see how the budget has to be put in use for the target or goal should be SMART and within the laws and regulations. The CEO or ED needs to follow up on the implementation on the activities and provide sufficient data for a SMART decision making from the board via coordination. The finance team does disbursement where necessary with a full documentation of every in and out flow of budgeting. To provide the technical team with timely disbursement to boost the achievement of the targets via executed activities and control the money not to go above the normal expenditure.
The program or unit manager follow up on the coordination from the disbursement to the execution of the activities and evaluation of the program to assess the goals level of success.
Funders want to see that organizations budget will bring a positive impact.

The board of Directors need the budget to be able to review and ensure the budget captures their operational goals for the next fiscal period as well as being in line with regulatory procedures.