Budgeting and Forecasting

Budgeting and Forecasting

 

Kimlan team will help in making predictions of the future based on past and present data and analysis of trends. We will employ formal statistical methods and provide you with a financial picture of how things will look like. We will engage those who are responsible for adhering to the budget and implementing the organization’s objectives in creating the budget. Staff participation is built into the process and a timeline is established leaving adequate time for research, review, feedback, revisions, etc. before the budget is ready for presentation.

The annual budgeting process is documented, with tasks, responsibility assignments and deadlines clearly stated. The budgeting process also incorporates strategic planning initiatives and stipulates that income is budgeted before expenses. Fixed costs are identified and related
to reliable revenue. Budgeting decisions are driven both by mission priorities and fiscal accountability