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

  1. Do market research to get the most accurate price quotes possible
  2. Create detailed budget of all foreseen expenses and revenue (budget templates are available via OrgSync)
  3. Determine the available funds
    1. Organization account
    2. Apply for an ASUSF Funding Grant »

Managing the Budget

  1. Keep an accurate log of financial transactions
  2. Assess budget regularly
  3. Control cost — allow only approved expenditures
  4. After the budget period has elapsed, determine the outcome of each expense and revenue