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Budget and annual financial planning cycle

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All organizations, regardless of their sector of practice or size, operate within a budget and an annual financial planning cycle. Many organizations rely on multiple sources of funding.

Compare the financial planning processes for a nonprofit organization with those for a government (city, county, state, or federal) agency. Discuss how financial planning and financial constraints can impact collaboration and human service delivery for a specific population (such as substance abuse, mental health, family services, child care, educational programs, health care, the elderly, or disabled populations). What challenges exist when there are restrictions on the use of funds for specific purposes? How do financial reporting practices impact efforts to develop collaboration between programs or agencies?

Reference no: EM133178581

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