The new question on everyone’s mind is 8 weeks vs 24 weeks…
Many kinds of organizations and companies accessed PPP (Paycheck Protection Program) loans from the SBA (Small Business Administration). Here are the important questions to consider while determining whether to apply for forgiveness after 24 weeks, versus the original 8 week deadline…
Xavier Becerra took office as California’s new Attorney General in January 24, 2017. His first order of business was to look directly at nonprofit organizations (NPO’s) in California and determine whether or not they are complying with the laws of the land. These laws include the laws of California that govern nonprofits organizations, in addition to the laws set up by each individual organization. He is looking, in particular, at each nonprofits’ governing laws outlined in their bylaws to see if they are following their own laws. Do you have the correct amount of board members? Are you having the correct number of board meetings and on the months stated in your bylaws? Have you changed your programs and mission since they were last filed? Have you updated your bylaws to reflect these changes?
The idea of creating a budget, it can seem like a daunting process to undertake. If you have a clear process of what things to look for then it is much easier than you think and more manageable. Remember no one has a crystal ball- only historical performance, common sense and forecasting.
When creating an annual budget, consider the following...