Budget and Budget Monitoring for NGOs course
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Budget and Budget Monitoring for NGOs course

5 Days Online - Virtual Training

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# Start Date End Date Duration Location Registration
18 29/04/2024 03/05/2024 5 Days Live Online Training
19 27/05/2024 31/05/2024 5 Days Live Online Training
20 24/06/2024 28/06/2024 5 Days Live Online Training
21 22/07/2024 26/07/2024 5 Days Live Online Training
22 19/08/2024 23/08/2024 5 Days Live Online Training
23 16/09/2024 20/09/2024 5 Days Live Online Training
24 14/10/2024 18/10/2024 5 Days Live Online Training
25 11/11/2024 15/11/2024 5 Days Live Online Training
26 09/12/2024 13/12/2024 5 Days Live Online Training
27 16/12/2024 20/12/2024 5 Days Live Online Training

Introduction:

The Budget and Budget Monitoring for NGOs course is designed to provide participants with the knowledge and skills necessary to develop, manage, and monitor budgets effectively within non-governmental organizations (NGOs). This course aims to equip participants with the tools and techniques to plan and allocate resources strategically, ensure financial sustainability, and monitor budget performance for optimal organizational outcomes.

Course Objective:

The primary objective of this course is to enable participants to understand the fundamentals of budgeting in the context of NGOs and develop proficiency in budget monitoring. By the end of the course, participants will be able to:

  1. Understand the importance of budgeting and its role in financial management for NGOs.
  2. Develop comprehensive budgets aligned with organizational goals and priorities.
  3. Monitor and evaluate budget performance to ensure effective resource allocation.
  4. Utilize budgeting as a tool for financial planning, decision-making, and accountability.
  5. Apply best practices in budgeting and budget monitoring to enhance NGO financial sustainability.

Organization Benefit:

NGOs can derive several benefits from staff members who possess strong budgeting and budget monitoring skills. Some key benefits include:

  1. Improved financial management: Participants will gain the knowledge and skills to develop and manage budgets effectively, leading to more accurate financial planning and resource allocation.
  2. Enhanced decision-making: With a solid understanding of budget monitoring, participants can make informed decisions based on real-time financial data and performance indicators.
  3. Increased accountability: Effective budget monitoring ensures transparency and accountability in the use of resources, enhancing stakeholder trust and confidence.
  4. Financial sustainability: By mastering budgeting and budget monitoring, NGOs can optimize resource allocation, identify areas for cost savings, and enhance their financial sustainability.
  5. Strengthened donor relationships: NGOs with robust budgeting practices and transparent budget monitoring are likely to build stronger relationships with donors, attracting funding opportunities and partnerships.

Course Duration:

The course is designed to be completed within a timeframe of 5 days

Target Participants:

This course is suitable for individuals working within NGOs, including:

  1. Finance managers and officers responsible for budget preparation, monitoring, and reporting.
  2. Program managers and project coordinators involved in budgeting and resource allocation.
  3. NGO directors and board members seeking to enhance their financial literacy and decision-making abilities.
  4. Grant managers and officers responsible for budget oversight and financial reporting.
  5. Professionals transitioning into the NGO sector and desiring a strong foundation in budgeting and budget monitoring.

Course Content:

Module 1: Introduction to Budgeting for NGOs

  • Importance and benefits of budgeting in NGOs.
  • Budgeting process and key principles.
  • Linking budgets to strategic objectives.

Module 2: Budget Development

  • Understanding organizational goals and priorities for budgeting.
  • Methods and techniques for developing budgets.
  • Estimating revenue and projecting expenses.

Module 3: Budget Components and Structure

  • Key components of a budget for NGOs.
  • Programmatic budgeting and project budgeting.
  • Overhead costs and indirect expenses.

Module 4: Budget Monitoring and Control

  • Setting budgetary controls and performance indicators.
  • Monitoring budget execution and variances.
  • Addressing budget deviations and making necessary adjustments.

Module 5: Financial Reporting and Analysis for Budget Monitoring

  • Financial statements and reports for budget monitoring.
  • Variance analysis and performance measurement.
  • Communicating budget performance to stakeholders.

Module 6: Budgeting for Sustainability and Growth

  • Long-term financial planning and forecasting.
  • Budgeting for reserves and contingencies.
  • Resource mobilization strategies and budget implications.

 

General Notes

·         All our courses can be Tailor-made to participants' needs

·         The participant must be conversant in English

·         Presentations are well-guided, practical exercises, web-based tutorials, and group work. Our facilitators are experts with more than 10 years of experience.

·         Upon completion of training the participant will be issued with a Foscore development center certificate (FDC-K)

·         Training will be done at the Foscore development center (FDC-K) centers. We also offer inhouse and online training on the client schedule

·         Course duration is flexible and the contents can be modified to fit any number of days.

·         The course fee for onsite training includes facilitation training materials, 2 coffee breaks, a buffet lunch, and a Certificate of successful completion of Training. Participants will be responsible for their own travel expenses and arrangements, airport transfers, visa application dinners, health/accident insurance, and other personal expenses.

·         Accommodation, pickup, freight booking, and Visa processing arrangement, are done on request, at discounted prices.

·         Tablet and Laptops are provided to participants on request as an add-on cost to the training fee.

·         One-year free Consultation and Coaching provided after the course.

·         Register as a group of more than two and enjoy a discount of (10% to 50%)

·         Payment should be done before commence of the training or as agreed by the parties, to the FOSCORE DEVELOPMENT CENTER account, so as to enable us to prepare better for you.

·         For any inquiries reach us at training@fdc-k.org or +254712260031

 

·         Website:www.fdc-k.org

 

 

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