Budget Plan
Budget Plan
Prepared by: [YOUR NAME]
Organization: [YOUR COMPANY NAME]
I. Introduction
-
Overview: [YOUR COMPANY NAME] is dedicated to providing healthcare services to underserved communities.
-
Purpose: This budget plan aims to effectively manage the organization's finances for the fiscal year 2050.
II. Income
|
Source |
Amount ($) |
Notes |
|---|---|---|
|
Donations |
150,000 |
Projected based on past trends |
|
Grants |
80,000 |
Expected from XYZ Foundation |
|
Fundraising Events |
30,000 |
Anticipated revenue from events |
Total Income: 260,000
III. Expenses
|
Category |
Amount ($) |
Notes |
|---|---|---|
|
Program Expenses |
120,000 |
Includes primary care clinics |
|
Administrative Costs |
60,000 |
Salaries, rent, utilities |
|
Fundraising Costs |
20,000 |
Marketing, event management |
Total Expenses: 200,000
IV. Budgeted Financial Statements
a. Projected Income Statement
|
Revenue Source |
Amount ($) |
|---|---|
|
Donations |
150,000 |
|
Grants |
80,000 |
|
Fundraising Events |
30,000 |
|
Total Revenue |
260,000 |
|
Expense Category |
Amount ($) |
|---|---|
|
Program Expenses |
120,000 |
|
Administrative Costs |
60,000 |
|
Fundraising Costs |
20,000 |
|
Total Expenses |
200,000 |
Net Income: 60,000
b. Projected Balance Sheet
|
Assets |
Amount ($) |
|---|---|
|
Cash |
50,000 |
|
Accounts Receivable |
10,000 |
|
Total Assets |
60,000 |
|
Liabilities |
Amount ($) |
|---|---|
|
Accounts Payable |
15,000 |
|
Total Liabilities |
15,000 |
|
Equity |
Amount ($) |
|---|---|
|
Retained Earnings |
45,000 |
|
Total Equity |
45,000 |
c. Cash Flow Projection
|
Cash Inflows |
Amount ($) |
|---|---|
|
Donations |
150,000 |
|
Grants |
80,000 |
|
Fundraising Events |
30,000 |
|
Total Inflows |
260,000 |
|
Cash Outflows |
Amount ($) |
|---|---|
|
Program Expenses |
120,000 |
|
Administrative Costs |
60,000 |
|
Fundraising Costs |
20,000 |
|
Total Outflows |
200,000 |
Net Cash Flow: 60,000
V. Budget Assumptions
-
Inflation Rate: Assumed at 2% based on economic forecasts.
-
Fundraising Success Rate: Anticipated to be consistent with previous years.
VI. Budgeted Programs and Activities
|
Program/Activity |
Budget ($) |
Justification |
|---|---|---|
|
Mobile Clinics |
50,000 |
Outreach to rural areas |
|
Health Education |
30,000 |
Community workshops |
Total Budget: 80,000
VII. Contingency Plan
-
Reserved funds: 10% of the total budget for unexpected expenses.
-
Strategies: Increase fundraising efforts, reduce non-essential expenses.
VIII. Monitoring and Evaluation
-
Monthly financial reports reviewed by the finance committee.
-
Quarterly evaluations to assess budget performance against goals.
IX. Conclusion
The budget plan aims to ensure financial stability and support to [YOUR COMPANY NAME]'s mission of providing healthcare access to underserved communities.
X. Approval
Approved by the finance committee on May 1, 2050.
Signatures
Mr. Dean Stevens, Chairperson
[YOUR NAME], Finance Director
