NOTE DATE/TIME CHANGE: Originally this event was scheduled for 3 hours on June 26th. Due to everyone’s fatigue of online trainings/webinars, we are spiting the training into two sessions.

Part 1: An introduction to budgeting and budget management, June 25th, 2:30-4:30pm

Part 2: Capital Budgets , Project Budgeting using a Real Live Project, and Getting More Money, June 26th, 8:30-10am

——————————————————-

Join us for our SVEP 2.0 small conference on Financial Management for Projects. This is the second of the four-part Project Development Series. In this training, we’ll cover the role of strategic planning in budgeting to budget controls (a.k.a. “Seven Keep-me-out-of-prison Essentials”). We’ll also dive into an actual, real life project budget and touch on getting more money through endowments to bonds. 

The trainer, Gary Deziel, is an Extension assistant professor for UVM Extension. His work focuses on public library budgeting and human resource management, and workforce development. He is former Associate Dean of Finance and Operations, UVM Extension. Gary has experience in budgeting and budget management, grants and contracts, fund accounting, gifts, endowments, cash management, petty cash, and sales and fees. 

This training will be held virtually, unless the pandemic situation improves.

Please register for this event here

Tentative Agenda:

An introduction to budgeting and budget management: Gary Deziel, UVM Extension

• First things first: the role of strategic planning in budgeting

1. 1. 1. Students will understand that their organization’s value, mission, and vision are foundational to a successful budgeting process.

• What is a budget?

1. 1. 1. The student will understand what a budget is, why one is required, and what the basic characteristics of a budget are. Annual budgets are the focus of this topic, capital and other budgets may be considered.

• Talk (a little) like an accountant

1. 1. 1. The student will understand the basics of accounting-speak, including terms such as chart of accounts, journals, funds, expenses, and revenues, as well as learn about the “four legs of the accounting stool” and its implications in ethical and sound money management.

• Budget cycle

1. 1. 1. The student will understand the basics of the budgeting process and gain an appreciation for the cycle budgeting truly represents.

• Wonderful reports

1. 1. 1. The student will gain greater insight into monthly fund account reporting, including budget-to-actuals and the utility of reporting to keeping the organization on sound financial footing. Also, the student will better understand other common reports, such as profit and loss, cash flow, capital budget, et cetera, as appropriate.

• Things you absolutely have to do

1. 1. 1. The student will understand the “Seven Have-to-do Essentials” [caveat: maybe less, maybe more] you must do to competently managing their organization budget.

• Keeping the till safe – budget controls

1. 1. The student will understand the “Seven Keep-me-out-of-prison Essentials” (yeah, seven essentials is a trend here) of keeping your “books” squeaky-clean.

Capital Budgets 

Project Budgeting using a Real Live Project

Getting More Money 

• Endowments, gifts, fundraising, grants, bonds, private investment (opportunity zones), revenue (rent or service contract), loans