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20172018City of High Point
Budget and EvaluationNonProfit Agency Application Guidelines
The City of High Point allocates a portion of its
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How to fill out budget and evaluation
How to fill out budget and evaluation
01
First, gather all the necessary financial information such as income, expenses, savings, and debts.
02
Next, create different categories for your income and expenses, such as housing, transportation, food, entertainment, etc.
03
List all your sources of income and estimate the amounts you expect to receive from each source.
04
Then, list all your expenses and categorize them as fixed (e.g., rent, insurance) or variable (e.g., groceries, utilities).
05
Assign a realistic amount to each expense category, based on your past spending or research.
06
Subtract your total expenses from your total income to determine if you have a surplus or a deficit.
07
Track your spending regularly and update your budget accordingly to ensure you stay on track.
08
To evaluate your budget, compare your actual spending with the budgeted amounts regularly.
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Analyze any significant variations and identify areas where you can cut back or make adjustments.
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Evaluate your financial goals and assess if your budget aligns with those goals. Make necessary modifications if needed.
Who needs budget and evaluation?
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Individuals who want to take control of their finances and plan for their future.
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Families or individuals with financial goals such as saving for a house, retirement, or education.
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Businesses and organizations that want to monitor and manage their financial resources effectively.
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Anyone who wants to have a clear understanding of their income, expenses, and financial health.
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Individuals or households experiencing financial difficulties and need to prioritize their spending.
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What is budget and evaluation?
Budget and evaluation is a financial plan and assessment of an organization's performance, typically used to track expenses and measure effectiveness.
Who is required to file budget and evaluation?
Non-profit organizations, government agencies, and businesses are typically required to file budget and evaluation reports.
How to fill out budget and evaluation?
Budget and evaluation reports can be filled out using accounting software, spreadsheets, or other financial management tools.
What is the purpose of budget and evaluation?
The purpose of budget and evaluation is to provide stakeholders with a comprehensive overview of an organization's financial health and performance.
What information must be reported on budget and evaluation?
Budget and evaluation reports typically include income and expenses, grants and donations, program outcomes, and financial projections.
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