Textbook
Not-For-Profit Budgeting and Financial Management
The trend towars decentralizing decision-making powers in not-for-profit organizations means a greater number of employees are responsible for creating and managing the annual budget. Budgets, therefore, must be well designed, easy to implement, and accessible from a variety of backgrounds. Wishful thinking? Not any more. Continuous budgeting, as explained in Edward McMillan's trenchant Not-For-Profit Budgeting and Financial Management, offers a system that is not only easy to use and monitor, but also ensures true fiscal accountability in the complex not-for-profit area.
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