Developing a sound budget that provides the Board and Executive team the key information for Planned (based on the budget prepared at the beginning of the year) vs. Actual (what is actually spent per category on a weekly or monthly basis) is critical to the success of a nonprofit.  Grantspace, a service of Foundation Center, provides an excellent collection of information and tools for nonprofit budgeting. Project Budget All budgets have two common elements: your estimate of the true costs of the project and your anticipated income to meet those costs. Your expenses will be direct costs—any personnel and non-personnel […]