Grant Writing Budget

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GrantWriting Budget

Abudget is a financial document an action plan usually prepared inorder to predict future income as well as project future expenses(Morgan, 2002). It has numerous benefits to an organization, it istherefore essential for the budget to be written properly and in linewith the needs of the organization .and the type of business theorganization is involved with .In this paper three sample budgets areanalyzed and compared.

Thefirst budget is the New York Cares Sophomore skills SAT Prep,College Prep and FASFA FY12 program Budgets. It is clearly a detailedexpense budget. It is detailed and specific to the differentorganizational goals, for instance children’s education, volunteerrecruitment and training and communications, with each having theirown sections. The budget already calculated full time equivalents{FTE} which helps in determining the work load of the workers anddeciding the correct amount of wages to pay to the respectiveemployees. It forces managers to do better at forecasting andresponsive, while ensuring that the employees are more responsiblebecause bonus is clearly shown and allocated.

Thesecond budget is Budget from Goddard Riverside. It is simple withminimal detail. In fact, it has only two categories, that is, thedirector of training and fringe benefits expenses. As the budgetstand this could be interpreted more than one way. The 68,000 couldbe the Director of Training salary, or it could be designated for,all fund allocated to his or her department because specifics arehard to determine. The second item listed is Fringe Benefits, whichalso has many different things associated with that term. Forexample, this can mean, any extra benefit supplementing an employee`ssalary, such as a company car, subsidized meals, health insurance andother factors.

Thethird budget is the Exalt youth to the broolyn community. It consistsof several main budget categories although it is not as detailed orspecific as the first budget. For instance, the third budgetallocates money to main categories only without giving out othercategories. It also lacks the calculated full time equivalence (FTE).Thus, this third budget lacks finer details like the first budget.

Therefore,the first budget, is the best budget due to its specificity,flexibly, inclusion of possible extra cost as well as accountabilityfor each dollar spent. Moreover, it is the best budget as it ensuresmanagerial responsibility and also encourages employees to work hardas even bonuses are clearly allocated.

Workcited.

Morgan,D., (2002). Handbookon Public Budgeting.Portland State University, Hatfield School of Government, State ofOregon edition, Table 7-6, pp. 162–163,http://eli.pdx.edu/erc/morgan/handbook6.doc.