Organizational budgets refer to three consecutive years of revenue and expense statements:
- the actual statement from the preceding fiscal year
- a projected statement (budget) for the current fiscal year
- a projected statement (budget) for the fiscal year for which support is requested
We require using our Excel template to create your organizational budgets; the template incorporates the format and level of detail we wish to see.
Financial statements refer to statements, often prepared by an accountant and sometimes audited, that reflect a more complete picture of an organization's financial details, including statements of activity, cash flow, balance sheets, and accompanying notes. Not every organization is required to have an audited financial statement, however, if your organization has one for any of the past three fiscal years, you are required to submit the latest one.