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A project budget needs to be realistic, accurate, and ethical. It should show the funding agency that you will be a good steward of the money for the betterment of your community. Last week, you began working on a rough draft of the budget that will go in your grant proposal. In this discussion, you reflect on the process of creating your budget, share your budget draft, give feedback on classmates’ drafts, and receive feedback on your draft.
Respond to the following in a minimum of 175 words:
What process are you using to create a budget for your criminal justice initiative and grant?
What parts of the budget creation process are you finding difficult, and which parts are easy? Did you find anything surprising while working on your budget?
What advice would you give to others as they work on their budgets?
RESPOND TO IN 100 WORDS:
I find budgeting this amount of funding difficult especially when it comes to dividing it between areas and still attempting to stay under budget. Classifying items that will require funding seems to be easy at first. The problem is there are things I think of later that I need to add in and establishing need vs. want. This is also difficult due to the unknown amounts of people who will require services from the alternative rehabilitation center. Working in a jail and doing some of the paperwork for the facility has given me an idea of what to expect when it comes to certain areas like food budget and utilities; however, salaries and benefits, along with the contracts seems to be more difficult. My advice would be to make a list of needs versus wants and price out average costs to assist in the daily operations. Research is key to creating a realistic budget to fit the funds available. Researching costs from other facilities in helping to get an idea of realistic numbers. Without this step there maybe financial issues that occur due to over spending or not covering key elements needed for a successful program.
RESPOND TO IN 100 WORDS
I am trying to work through a well-planned budget that will reinforce mindfulness around the full organization’s details, and how it will stay running through other financial resources in order to increase the chances of being successfully funded. I think the hard part of creating a budget is understanding the need vs costs and how to figure out how to reassess expenditures to get more resources, such as personnel, and manage other continued costs associated with the services you will provide. For example, with my organization which focuses on youth, strong emphasis on mentorship and healing services (like counseling). I think. Further, it is difficult trying to put the anticipation of dollar amounts attached to other financial resources (incoming revenue), especially with non-profits. You have to rely on the generosity of businesses and act as a sales rep to secure those funds. Further, as I began my budget I quickly realized that I had a deficit and will have to come up with creative ways to generate more funds.
The advice I would provide when creating a budget is to create a budget that provides a cushion to ensure that you will not underestimate costs, which may lead to financial issues.
