Operating Budget

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


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Posted August 1st

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 a brand new nonprofit with a fiscal sponsor, looking to set up everything financially from ground up. Currently the only staff is the CEO. More effective to talk to us directly so that you can hear more about what we're trying to do and needs.

What we have in place
  • We currently have A fiscal sponsor and going independent 12/22/22, which should make it easy for you to get started. We also have Grant funds awarded/anticipated, and the ability to provide any other information you need.
How this will help
This project will save us $9,114 , allowing us to Allocate resources to capacity building, park revitalization, programming, and supporting the youth.

We must be financially independent and move from our fiscal sponsor in order to accept our grant funds. Most importantly there is no way a 501(c)(3) can run without a back office, accounting, budgeting, etc. We have none of that. But we have $1.4 million coming this year.

Project plan

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
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
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
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

Hamtramck Parks Conservancy
Our mission

The Hamtramck Parks Conservancy (HPC) is a collaboration between the city, public schools, and community partners that strives to improve green spaces and facilities for public use and to provide health, educational and recreational opportunities for city residents.

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