Budgeting is a process that is as much about relationships as it is about numbers.

The NextGen staff have spent many years where you sit now, running direct-response fundraising programs for nonprofits we believed in. As fiscal year planning deadlines approach, here are some important principles:

Speak Finance

Familiarize yourself with the language your financial team uses and what they mean. When you talk in terms of net revenue, return on investment, and quarterly projections and truly understand them and how the performance of your program impacts the organization, you become an integral part of the process and everyone’s on the same page. Also, you should understand the metrics your finance director is using to measure success.

Be Responsive

Your budget is only one of many that your finance department is responsible for. Realize where you fit in, and when you’re asked for information, be ready to provide it. If you are helpful to your finance team, they will help you when you need it. They can make you look good, or they can make your life really hard.

Show Your Hand

Can financial people ever truly understand what fundraisers are trying to do? Sure they can. But only if you take the time to help them see things from your point of view. Our realm of direct response is easy for finance teams to grasp with its concrete campaign plans, projectable revenue, and predictable expenses.

No Surprises

Nothing troubles a finance director more than the unexpected. Cultivate a year-round relationship with your colleagues in finance, keep them in the picture, and let them know as soon as something unanticipated happens.

As everyone knows, budgeting is a bargaining process. Finding the sweet spot between all the money that’s needed and what you can realistically raise is something you can’t do alone. For the coming financial year, make it a team effort.

Let NextGen Help

Want to learn how to better budget for the next fiscal year and invest in successful campaigns? Connect with NextGen today to get started.