Developing and Managing a Budget
One 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.
Developing a Budget
- Do market research to get the most accurate price quotes possible
- Create detailed budget of all foreseen expenses and revenue
- Determine the available funds
- Organization account
- Apply for an ASUSF Funding Grant »
Managing the Budget
- Keep an accurate log of financial transactions
- Assess budget regularly
- Control cost — allow only approved expenditures
- After the budget period has elapsed, determine the outcome of each expense and revenue