1.
Monitoring Budget Goals
Sometimes things happen that we cannot predict or have control
over that negatively impacts our budget. Consequently,
monitoring budget goals on a quarterly basis is most common. If
a quarterly budget goal is off (less than 20%) of its’ intended
target, modifications and corrective action is generally needed.
Discuss what modifications and corrective action you would
make if your budget was 20% less than projected for quarter 2
of a fiscal year. Make sure to provide rationale. Your initial
post should be at least 400 words.
Resources
Readings
1. Textbook
Dropkin, M., Halpin, J., & LaTouche, B. (2007).
The budget-building book for nonprofits
(2nd ed.). Jossey-Bass.
Chapter 20: Presenting Your Annual Budget Proposal to
the Board
Chapter 21: Board Review, Revision, and Approval of the
Final Budget
2. Website:
Tuck, A., (2011, February 9). Succeeding Through Tough

2.
Times. The Bridgespan Group. Retrieved from
http://www.bridgespan.org/Publications-and-Tools/Strategy-
Development/Managing-in-Tough-Times/Succeeding-Through-
Tough-Times.aspx#.UTZphNZOTmd