BudgettingOne task groups face is the development of a plan to
be fiscally responsible with funds. A budget can be a helpful
method for keeping track of group funds. A BUDGET is: - A tool
for planning and controlling organizational funds. - A formal
written guideline describing your organization's future goals,
expressed in financial terms within a set period of time. - A
detailed statement of estimated income and expenses. - A
historical record of the organization's activities during a
given period. A BUDGET can: - Help refine goals that reflect the
realistic resource environment. - Compel organization members to
use funds efficiently and appropriately. - Provide accurate
information to adjust, analyze and evaluate programs and
activities. - Aid in decision-making. - Provide a historical
reference to be used for future planning.