ANNUAL PLANNING AND BUDGETING: WHAT YOU NEED TO KNOW TO DO IT RIGHT

LOUISE MOORE, CFRE - - CULL MART IN & ASSOCIATES , INC .

ANNE MARIE GARDINER –PASS IONIST M ISS IONARIES

Presenter's: Louise Moore, CFRE Anne Marie Gardiner

111 South Ridge Street, Suite 302, Rye Brook, NY 10573

914-908-6736

Growing

Planning

Budgeting

Annual Planning and Budgeting: What you need to know to do it Right

Planning: What is a Strategic Plan?

◦ Definition of Strategic Plan:◦ Systematic process of envisioning a desired future, and translating this vision into broadly defined goals or

objectives and a sequence of steps to achieve them◦ Process of Strategic Plan

◦ A strategic plan looks at all the things your organization can do and narrows it down to the things it is actually good at doing. A strategic plan also helps leadership determine where to spend time, human capital, and money

7 Questions:1. What can our organization do better than any other organization?

2. What is our Mission Statement?

3. What is our Vision Statement?

4. What are our Strengths, Weakness, Opportunities, and Threats (SWOT)?

5. What are our goals?

6. What are our objectives?

7. Do we have the resources needed to achieve our plan?

Actionable and measurable objectivesare the foundation for the action plan of strategic planning.

Tracking:

4 Questions:

1. How?

2. Where?

3. When?

4. Whom?

Income and expenses:

1. Study the past three years of income and expenses.

2. Is there going to be an increase or a decrease in your overhead expenses?

3. What adjustments will need to be made to allow for the strategic plan’s implementation?

Income

Expense

Anne Marie Gardiner

4 Questions:

1. How?

2. Where?

3. When?

4. Whom?

What you need to know to do it right: Know your organization. What does your organization do better than any other organization?Create a strategic plan that build on the strengths of your organization.Communicate. Know what leadership expects, and let leadership know how this plan supports the vision of your organization.Develop a budget that supports the growth goals outlined in the strategic plan.

Questions & Answers