Organizational Budgeting

Learning Outcome

By completing this module, you should be able to demonstrate an understanding of how to analyze, prioritize, and allocate resources to support the mission your of organization.

Instruction

To complete this learning module, please view the introductory video, read the featured article, and read at least one other article found on the “additional resources” page. Afterwards, please complete the “Practice” activity and answer the “Reflection” questions.

Managing or dealing with your organization's budget is a big deal. This responsibility can get you and your organization quickly into trouble. Understand that ultimately you are accountable for your team's actions.

Featured Article

“‘Provident living’ … implies the [conserving] of our resources, the wise planning of financial matters, full provision for personal health, and adequate preparation for education and career development, giving appropriate attention to home production and storage as well as the development of emotional resiliency. … If we live wisely and providently, we will be as safe as in the palm of His hand.” (read more)

Additional resources on budgeting can be found here.

Practice

Your assignment is to talk to the supervisor or director of your organization and ask how they determine where and how resources get allocated. Are there criteria for projects or events to determine how much money and other resources they will receive? Write and submit a paragraph about what you learned. (Submit your assignment)

Reflection

Respond to the following questions:

• Identify a time that you used money allocated to your organization. What did you use the money for? Was it necessary? Why?
• Did your organization stay within its budget? How can your organization continue to stay within its allocated budget?