BSHS 373 Week 4 Discussion Question 1

What are some common errors that might occur in the budget creation process? How might these errors be avoided?

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Common errors in creating budgets include not knowing enough about funding and funding sources, not having a clear picture of expenses, not identifying a reserve fund, whether or not your revenues cover expenses, and not having a plan in place to adjust revenues or expenditures if need be. Acquiring information on sources of funding should be a number one requirement when developing a budget. To do this, one must ensure to include important personnel including fund raising managers, board members, volunteers, and management so that everyone within the organization is working together to share ideas and provide realistic expectations of the organization’s needs and ability to acquire assets (Ehow, 2011).It is also very important to have a clear idea of expenses when creating a budget. This step can be made easier

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