Writing Homework Help

Read the supplemental material “Financial planning and budgeting” that summarizes the basic principles and tools of budgeting.

Suppose you are a project leader at a local community-based organization (CBO), and you have been asked to deliver a new physical exercise program for 100 clients in the next year. Answer the following questions and prepare a detailed budget and justification for the CBO president before you implement the program. Since the details of the program are not specified, feel free to make assumptions about how you would deliver the program, including what you need and how much to spend on necessary items.

Please respond to each of the following questions separately (in a short essay format):

• Select and explain 3 budget principles (can be necessary steps or good practices or rules that you think are important in guiding the budgeting process) and describe how these principles should guide the budgeting process for this CBO.
• Think through the budgeting decision process and define the approach, timing and forecast basis for the budget of the new CBO program. 
• Prepare a budget table of the program, including inputs necessary to deliver
  the program (unit price and quantities) and costs at the frequency you choose (yearly, quarterly, or monthly).
• Provide a detailed budget justification. It should explain and justify the necessity of the expenses in each major cost category.