Operating Budget

Help Heritage Works put together a detailed operating budget covering at least one full fiscal year and provide expert advice on managing cash flow.
Heritage Works
Detroit, MI, USA
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Heritage Works
Detroit, MI, USA

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Posted October 27th

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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

We have an annual retreat November 20th, and need a draft 2022 operating budget. Ideally we'd like the draft by November 12th. The Board will plan during its retreat and make recommendations for their 2022 work. We will then adjust the budget to reflect any changes and approve Budget 2022 in early December or early January 2022.

What We Have In Place
  • We currently have our 2021 Budget, our chart of accounts, statements etc., which should make it easy for you to get started. We also have fixed expenses, and the ability to provide any other information you need.
How This Will Help
This project will save us $9,114 , allowing us to serve more people and demonstrate better fiscal oversight.

This project will help us predict expenses for 2022 and plan better.

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

Heritage Works
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Our Mission

Heritage Works, a Detroit-based cultural arts nonprofit organization, has contributed to the cultural vibrancy of our region, providing the metro Detroit community with authentic cultural arts education and experiences since its founding in 2000. We believe that cultural arts and traditions provide rich resources for promoting understanding, as well as personal and artistic excellence. Our mission is to promote youth and community development through cultural traditions, arts and education.

What We Do

Heritage Works accomplishes its mission through two major programs: Youth Works and Community Works.

Youth Works consists of Heritage School and the Heritage Works Youth Ensemble.
1. Heritage School is an arts education and cultural enrichment program that primarily serves youth in grades 4th - 12th. The program is offered before, during, and after school and during summer months.
2. Work Arts, an outgrowth of our ensemble training program, provides work experiences to youth interested in careers in the creative sector.

Community Works serves the metro Detroit area by using cultural arts in innovative ways to address the needs of our communities as well as meet the demand for a fuller sense of culture and experiences that inspire joy and understanding. Programming includes:
1. Visiting Artists/Tradition Bearers Series provides workshops, salons and residencies, featuring tradition bearers (e.g., master drummers, dancers, kora players, and folklorists). Through these events, HW is able to provide access to experiences that promote cultural insight, cross-cultural exchange, and professional development.
2. Community Works also includes Story Scaping, a creative placemaking program that uses arts and culture in innovative ways to engage residents in articulating, planning and bringing into being their vision for their neighborhood.

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