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Discussion Question Response3

Please look at the video and answer the questions in you own words

Review the number of events that are possible fundraisers and then practice developing a budget. Go to page 251-252 in Effective Fundraising and do the Projected Special Event Expenses Worksheet #6. You can begin to see how much is involved in creating a budget.

https://www.youtube.com/watch?v=j7vl8dTTGHs

Then try to do the Projected Special Event Income Worksheet #7 on page 253.  Notice how the revenue sheet is smaller than the expenses. This is because you will always have more individual items in your budget and probably only a few funding sources. Consider creating your calendar of activities.

When you are finished with the exercise go to the discussion board to answer your question this week.

Read Chapters 8 and 9 and watch the video. Then answer the following questions in at least 250 words each. . Put the post in your own words.

After you completed the budget exercise, what did you find to be the most difficult part of creating your budget?  Do you think that directors of agencies have difficulty with budgeting both expenses and revenue dollars? In Chapter 9 the author talks about the risk to a 501(c)(3) status. What is that risk? How can it be avoided?

 

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