Operating Budget

Help Philadelphia Volunteer Lawyers for the Arts put together a detailed operating budget covering at least one full fiscal year and provide expert advice on managing cash flow.
Philadelphia Volunteer Lawyers for the Arts
Philadelphia, PA, USA
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Philadelphia Volunteer Lawyers for the Arts
Philadelphia, PA, USA

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Posted January 19th

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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

Review current FY21 budget draft and compare with FY20 actuals to gauge accuracy of projected revenue/expenses. Assist in creating and implementing a budget planning process in advance of FY22. Educate executive staff and select board leadership on key budgeting concepts and strategies for future implementation.

What We Have In Place
  • We currently have FY20 actuals and a FY21 budget draft, which should make it easy for you to get started. We also have board members with some budgeting experience, and the ability to provide any other information you need.
How This Will Help
This project will save us $9,114 , allowing us to purchase accounting software or hire an outside financial services provider to allow for continued implementation of strategies and insights shared.

Our organization does not currently have a formal budget planning process in place, and is seeking to engage in more effective financial planning and management to ensure long-term financial stability.

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

Philadelphia Volunteer Lawyers for the Arts
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Our Mission

PVLA is a nonprofit legal services organization through which lawyers support artists and cultural organizations throughout the greater Philadelphia area via legal representation, publications, advocacy, education, and counseling.

What We Do

Our staff provides intake, eligibility screening, project scoping and volunteer assignment to individual and organizational clients in the arts and cultural sector for assistance with legal consultation and representation projects covering a broad array of legal issues and topics.

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