How do we achieve financial resiliency? While every situation is unique, there are some methods we can follow to set up our organizations to thrive. In this webinar, we discuss how to weave together our financial planning with our organizational planning to achieve and sustain our goals. Some of the topics we cover include building reserves, program-based budgeting, program sustainability, scenario planning, and strategic grant budgets.
Related Resources
Organizational Health Review Assessment & Model
Use TREC's Organizational Health Review self-Assessment tool and Org Ecology Model to gain clarity on the status of your organization - both in your strengths & opportunities to improve.
Operating Reserves: Why to Have One, How to Build One, and a Sample Policy to Start from
This resource walks through the purpose of and common obstacles to creating an Operating Reserve and lays out a clear path & sample policy to achieve it.
Budget Template
The TREC Budget Template is an easy-to-use budgeting tool to develop a more accurate budget while using far less staff time.
Getting the Most Out of Your Grants
Since many organizations are grant dependent, meaning they rely upon grants for a large percentage of their revenue, it’s essential that these grants be formed in such a way that they sustain the organization overall. This short tutorial covers how to calculate and include the full costs of your programs into your grant budgets.
Allocating Shared Operating Expenses
Shared Allocation is the process of spreading your shared expenses such as rent and utilities across your programs and other cost centers. By using shared allocation, each program shows its full costs. This toolkit shows you why this is important and how to do it.
Planning for Uncertainty
This tutorial walks you through critical steps and scenario planning to take now to prepare during uncertain times such as the COVID-19 pandemic.
Restricted Fund Basics
Do you know which of your funds are restricted? How to track them? What types are there? This tutorial answers all those questions and also will start you down the path to robust financial systems.
How to Track Restricted Funds
This in-depth, step-by-step tutorial on tracking restricted funds in QuickBooks for US-based Organizations will help you easily create detailed reports using the customer feature. You’ll be able to get full expense and budget to actual reports for your grants, as well as restricted fund balances.