Nonprofit Conference: Financial Planning
With the ongoing challenges associated with government budgets and public spending policies, many nonprofits organizations are seeing reductions in revenue and delays in payment associated with government funding. In this environment, an organization’s ability to create robust, flexible financial plans is critical. This workshop will focus on best practices in financial planning for nonprofits, incorporating practical tips and tools.
Participants will learn how to take their budgeting process to the next level, gaining a firm grasp of technical and philosophical best practices regarding the nuts-and-bolts of nonprofit budgeting in a changing environment. The program will also include a presentation of key concepts and approaches to “right sizing” an organization’s operations, given that in some cases nonprofits have limited leverage over particular revenue streams and may need to think seriously about changing or reducing their mix or levels of program services.
Topics covered in the session will include:
- Implementing a comprehensive and inclusive financial planning process that includes both annual and multi-year planning
- Identifying, allocating, and building indirect costs into program budgets to understand the real costs of program delivery
- Anticipating and planning for healthy cash flow
- Program portfolio analysis: How to use a “mission-money” approach to identify programs and activities for potential reconsideration
- “Prevention is the best cure”: How to strategically approach decisions on new funding and program opportunities to avoid future challenges
Presenter: Andrea Mills, MBA, CPA, CCSA,CGMA, Principal of Financial Management Associates of New York
Andrea has extensive experience working with nonprofits, individuals, and foundations helping them make important fiscal decisions. Her support enables organizations to improve the effectiveness of their giving and receiving of contributions through developing fiscal management tools, establishing appropriate fiscal policies and procedures, and advising on strategic decisions.
Hosted by the Community Foundation of Eastern CT and the Chamber of Commerce of Eastern CT
Date and Time
Tuesday Dec 12, 2017
8:30 AM - 3:00 PM EST
Fees/Admission
$40 per person
Includes continental breakfast and luncheon
Scholarships are available from the Community Foundation of Eastern Connecticut. Please contact Jennifer O'Brien for details.
Cancelation Policy: Notice must be given at least three business days prior to the event. No shows or those unable to cancel in time will be billed. To cancel, please call the Chamber at 860-701-9113.