Category Archives: Budget

Budgets – It’s all About the Benjamins

By: Rachel Luoma, CAE

For me, January brings a fantastic time of year – new, fresh budgets! Budgeting is one of my favorite times of the year as it allows me to take an in-depth look at the financial operations of the association and better understand the story that the numbers are telling.

Income and Expenses
Image courtesy of Stuart Miles at FreeDigitalPhotos.net
  • Did we hit our projected income this year? If not, why?  What needs to be adjusted or done differently next year?
  • Did we stay within our budgeted expenses? If not, why?  What needs to be adjusted or done differently next year?
  • What was our net profit for operational income/expense? Did we meet budget?  Why or why not?

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