March 6, 2003 | Read Time: 1 minute
Budgeting Your Way to Financial Stability, by Debra L. Ruegg, Terry M. Fraser, Anne L. Howden, and Susan Kenny Stevens, explains how nonprofit managers and board members might design an annual budget for their small to mid-size organization. The authors, all of the LarsonAllen Public Service Group, a Minneapolis company that provides consulting, training, and accounting services to nonprofit groups and foundations, write that one method charities commonly use to establish their budgets — deciding how much to spend on programs and then calculating how much money needs to be raised — can lead to annual deficits. They explain how a nonprofit group can avoid this trap by beginning with a more accurate estimation of probable income, and then planning programs based on those estimates. Sample budgets illustrate how to set fees for services and establish cash reserves. The book is accompanied by a CD-ROM containing worksheets to help charities develop budgets.
Publisher: LarsonAllen Public Service Group, 220 South Sixth Street, Suite 300, Minneapolis, Minn. 55402-1436; (612) 397-3301; fax (612) 376-4850; psg@larsonallen.com; http://www.larsonallen.com/publicservice; 114 pages; $29.95.
