PDS 144 - Consistent and Sustainable (Budgeting, Forecasting, Financial Data)

The moral of this budgeting story is that if you put the time and effort into budgeting, it's totally worth it! The hardest part, in fact, might be getting started. But, as Andrew shares, once you get started, you'll be amazed at what your development office can add to your organization's budgeting session. In this episode, Andrew and Rhen answer the following questions: Why should you spend time on the budgeting process? What is the budgeting process? How do you set numbers for income and expenses? If you're a new development office, what is reasonable expected growth for your first few years? Do you have specific estimates for expected growth over the years? What is a good expense-to-income ratio for a development office? What kind of spreadsheet tool can you use to assist with budgeting? As Rhen mentions at the end of the episode, Petrus is offering free access to our recommended budgeting template. If you'd like to receive this resource, please visit: Petrusdevelopment.com/144 Discover more about our solutions: www.petrusdevelopment.com Submit your questions: podcast@petrusdevelopment.com Sign up for the Raise the Church Newsletter for action advice on nonprofit fundraising: www.petrusdevelopment.com/education