Operating Budget

Community & Economic Development

By Carmen G.


Posted Jul 10, 2018

This project is

In Progress

Matched with:

William K.

This project will save us $9,114 , allowing us to focus on our core values and engage in capcity building in low income community.

What We Need

  • A detailed Operating Budget covering at least one full fiscal year
  • Expert advice on how to reconcile actual expenses with budgeted expenses

How This Will Help

The success of our organization depends on improving our grant based accounting and finance segements. Without your help, we cannot improve the administation of funds and be accountable.. Your skills will empower us to better stewards of our dollars & improve the public process..

What We Have In Place

We currently have a template that we use however it needs to be tweaked a bit which should make it easy for you to get started. We also have created a dashboard on msproject and the ability to provide any other information you need.

  • Location: Remote (work anywhere)

Project Steps

Prep: Distribution of Prep Materials
  • Volunteer Manager provides Professional with materials currently being used for financial planning, such as the current operating budget or chart of accounts, and current financial statements
  • Volunteer Manager also provides any additional materials that will affect budgeting, such as a fundraising plan, earned income plan, or pertinent business plan
Milestone 1: Information Gathering and Outline
  • Professional does additional due diligence to address any questions or issues
  • Professional creates a detailed outline for the budget, to be shared with Volunteer Manager for feedback
Milestone 2: Budget Creation
  • Professional creates budget and shares it with the Volunteer Manager for feedback
  • Professional incorporates any feedback into the model for final draft version
Milestone 3: Explanation and Training
  • Professional delivers the budget, alongside a detailed written or verbal explanation of how the budget should be utilized and modified in the future
  • Professional provides advice on how to record and reconcile actual expenses against the budget
Prerequisites for Professional
  • Background in corporate finance, accounting, or comparable relevant field
  • Experience developing a budget for an organization or company
  • Proficiency in Microsoft Excel or comparable software
Prerequisites for Organization
  • Executive responsible for your Organization’s finances committed to the project
  • Relevant materials currently being used for budgeting purposes, which may include a current operating budget, chart of accounts, financial statements, fixed expenses, etc.
  • Relevant materials that will affect future expenditures such as a fundraising plan, earned income plan, or pertinent business plan

Our Mission

To strengthen the community through our funding resources and opportunities on an annual basis.

What We Do

The Division of Community Development works in partnership with a wide range of public agencies, non-profit organizations, and developers to provide vital community programs and develop affordable housing opportunities. The Division is responsible for administering federal grant programs funded by the U.S. Department of Housing and Urban Development and the U.S. Department of Health & Human Services. The Division also assists in managing the City of Jersey City’s Affordable Housing Trust Fund and plays a key role in the Mayor’s Quality of Life Task Force

Community & Economic Development Housing & Homelessness Youth Development