| Task |
Months Before/(After)
Start of Fiscal Year |
| Readjust current budget to be consistent with audited
results of year just completed |
9 |
| Board reviews long-term goals, vision, and priorities
for next year |
8 |
| Staff does first re-estimate of current budget and projects
next year revenues |
7 |
| Staff begins to formulate proposed budget
linking it to broad goals |
6 |
| Staff prioritizes proposals, re-estimating current
year’s budget, and projecting next year’s revenues |
5 |
| Staff makes proposals to the Board to meet its priorities
and outcomes within projected revenues (for larger
organizations, this proposal may be made to the
Finance Committee) |
4 |
| Staff revises proposals and presents to Board
(for larger organizations this may be presented
to the Executive committee) |
3 |
| Budget revised and final version presented to full board for approval |
2 |
| Budget published and distributed to staff and interested parties |
1 |
| Review audit of year just completed and validate feasibility
of new budget |
(3) |
| Review achievement of first quarter goals and priorities
and validate feasibility of the year’s timetable, goals, and
resource adequacy |
(4) |
| Review achievement of second quarter goals... |
(7) |
| Review achievement of third quarter goals... |
(10) |
| Review audit of completed year |
(15) |
| Review and file IRS Form 990 |
(18) |
