Test Your Knowledge-Budgeting

	Title	WFAnswer	SortOrder	WFActive
	Does your organization have a board-approved budget prior to the beginning of the fiscal year?	Having a board-approved budget in place by (at latest) the beginning of the fiscal year indicates clarity about goals and plans and provides stakeholders with a guide to action.	1	Yes
	Does your organization set financial goals before beginning the budget development process?	Organizations should set financial goals (e.g. adding to reserves, diversifying funding) in addition to programmatic goals as part of their annual planning process.	2	Yes