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Operating Budget

Help Lori's Hands put together a detailed operating budget covering at least one full fiscal year and provide expert advice on managing cash flow.
Lori's Hands
Newark, DE, USA
Lori's Hands
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Lori's Hands
Newark, DE, USA

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Cause
Human services
Skills
Accounting Finance

Posted August 5th

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Operating Budget

Project details

What we need
  • A detailed Operating Budget covering at least one full fiscal year
  • Expert advice on how to reconcile actual expenses with budgeted expenses
Additional details

We are looking for a volunteer to assist with budgeting as our annual budget has recently more than tripled in size. We have budgets specific to several grants that we have received but will need to pull everything together. We are also looking for someone to help us draft a financial policy handbook as we grow from a single chapter to three (we recognize the may be outside the scope of the budgeting project).

What we have in place
  • We currently have a draft, past years' budgets, and grant-specific budgets, which should make it easy for you to get started. We also have a QuickBooks account and a part-time bookkeeper, and the ability to provide any other information you need.
How this will help
This project will save us $9,114 , allowing us to put those funds directly towards our programs serving older adults and individuals living with chronic illnesses.

Lori's Hands is in the process of expanding from a single location to a three-chapter organization. We have been anticipating this period of growth for some time and are very excited, but also feeling that this is a good time to establish our financial and operational policies to ensure quality and continuity across all 3 chapters.

Project plan

P
Prep: Distribution of Prep Materials
  • Volunteer Manager provides Professional with materials currently being used for financial planning, such as the current operating budget or chart of accounts, and current financial statements
  • Volunteer Manager also provides any additional materials that will affect budgeting, such as a fundraising plan, earned income plan, or business plan
1
Milestone 1: Information Gathering & Outline
  • Professional does additional due diligence to address any questions or issues
  • Professional creates a detailed outline for the budget, to be shared with Volunteer Manager for feedback
2
Milestone 2: Budget Creation
  • Professional creates budget and shares it with the Volunteer Manager for feedback
  • Professional incorporates any feedback into the model for final draft version
3
Milestone 3: Explanation & Training
  • Professional delivers the budget, alongside a detailed written or verbal explanation of how the budget should be utilized and modified in the future
  • Professional provides advice on how to record and reconcile actual expenses against the budget
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About the org

Lori's Hands
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Causes
Human services Education Health & nutrition
Posted by
Liz B
Liz B.

Board Treasurer

Our mission

Lori's Hands builds mutually beneficial partnerships between community members with chronic illness and college students, fostering empathy, connection, and resilience. Students provide practical assistance to support community members' independence at home, and community members share their health and life experiences to support students' learning.

Testimonials

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