Organization: Asset Africa Institute
Registration deadline: 25 Nov 2016
Starting date: 07 Dec 2016
Ending date: 09 Dec 2016
Dear Partner,
Asset Africa Institute, (www.assetafrica.co.ke), is pleased to announce the following seminar set to take place in December, 2016
Course Name: Budgeting for non Profit Making Organizations Training Workshop
Date: 7th -9th December 2016
Venue: Hennessis Hotel, Nairobi, Kenya
Cost: 595 USD- Organizations sending in 2 staff and above earn varying discounted rates
Need for the course
A good budgeting process is a major and critical factor for project success. Indeed, the benefits of a good budgeting process cannot be overemphasized: it helps establish vital linkages to organizational goals, focuses budget decisions on results and outcomes, promotes effective intra-organization and stakeholder communication, helps achieve goal congruence, clarifies an NGO’s competitive priorities and strategies for the future, improves decision making, facilitates the effective utilization of grant funds and provides managers with realistic performance targets. Additionally, a credible budgeting process provides a bench mark to measure and control performance and creative NGO leadership will use the budget process to create an opportunity for “lower cadre” staff to become involved in planning and performance measurement thus using the budget process as a tool for staff motivation!
Nevertheless, competition for scarce donor resources, failure to have a master budget, hurried and non-consultative preparation of budgets, undocumented budgeting processes, deviation from Work Plans, under and over expenditures , insufficient allocations, unattainable targets/Standards, poor leadership and support, the requirement to present accurate forecasts against the realities of unforeseen needs and cost estimate variations during implementation, lack of knowledge on donor capping, unclear budget objectives and purposes, misunderstanding between the budgeting process and the budget variance, poor comprehension of factors influencing budget implementation among NGOs among others are key budgeting challenges facing many NGO staff.
NGO staff will appreciate that project budgets form part of the contractual basis for funding and donors, besides being very keen on budgeting, are increasingly demanding for proper monitoring of the approved budgets and sometimes (and increasingly so) with little or no margin for deviation which calls for proper budget implementation and control skills among key organization staff and Africa Institute will conduct a 3 day intensive training on budgeting to address the issues raised above.
Overall Objective: Strengthening the competencies of NGO staff in budget preparation, negotiation, implementation and control to secure and consolidate the benefits of budget effectiveness to enhance project success.
Benefits of the training
The training will enable the participants to correctly demonstrate the following abilities:
•An appreciation of good budgeting practices as key financial management tools for mitigation of financial misappropriation and promotion of transparency and accountability among the NGOs
•Appreciation of factors influencing the achievement of budget targets.
•Enhanced appreciation of the budgeting process in relation to budget variance in NGOs
•Improved understanding of the challenges NGOs face in implementing projects budgets by identifying gaps of budgeting process.
•An appreciation of the role of forecasting in the establishment of realistic budgets
•An appreciation of effective procedures, guidelines and operational implementation policies in the allocation of funds and to minimize challenges in budget implementation
•An appreciation of the behavioral aspects of budgeting in building meaningful estimates
•An appreciation of the budget as an important organization management tool
This forum provides an excellent opportunity for experience sharing among participants from a diverse context to improve on the budgeting process to strengthen budget outcomes.
Broad Course Content
Budgeting Overview: Budgeting for NGOs vs. Public Budgeting –Approaches, Processes and Principles
Mathematical models, multiple regression analysis methods, time series analysis, “naive forecasting”
Responsibility & Accountability for Budget Holders
How to Develop and apply Monthly Monitoring & Implementation Tools
Budget Variance, Variance analysis & decision making
Developing Organization Budgets-Linkage to Strategy
Developing Organization Budgets Cycle-Legal Provisions
Program Based Budgeting-Practical Illustrations
Activity Based Budgeting: Formulation of activities, determining cost drivers
Presentation of Budget Information in FS
Integration of Budgets & Organization Procurement Plans
Budget Preparation in Excel Spreadsheets
How to use the Sun System for Budget Allocation
Budget Implementation-Budgetary Controls & Control Environment
Organizational Support & Leadership for attainment of the Budget goals
Budgetary Monitoring and Evaluation
Who Should Attend
Project Budget holders, Planning and Budgeting Personnel, Heads of and Treasury Staff, Chief Finance Officers, Project Accountants, Finance Managers & Officers, Grant Managers & Coordinators, Internal & External Auditors, and Finance managers from Government Ministries & Departments
Training Methodology
Dynamic, creative, participant centered, practical, interactive, interesting adult learning methodologies and diverse media are applied to lift the participants to high levels of proficiency. After-training, follow-up and remedial coaching will be offered to interested participants on request for free.
About the Organization
Asset Africa Institute (www.assetafrica.co.ke)-AAI--AAI-) has distinguished itself as the training provider of choice among development organizations. AAI specializes in the research, design and delivery of high quality and affordable training programs for development workers worldwide. We work with a team of high end consultant base of more than 130 highly educated and experienced professionals many of whom are involved in post doctoral research work. Over the years, AAI has provided consultancies and training to such reputable organizations as: Federal University, Birnin Kebbi-Nigeria, African Institute for Capacity Development (AICAD),Norwegian Church Aid-Zambia, ACOMIN-Nigeria, Tear Fund-DRC, CLEEN Organization-Nigeria, Love Botswana Outreach Mission, Islamic Relief-Somalia, National Museums of Kenya, Cornerstone Development-Uganda, International Organization for Immigration (South Sudan), Save Your Generation (SYG)-Ethiopia, Africa Rice Center (Africa Rice)-Benin, Rwanda Union of the Blind, Sasakawa Africa Association-Ethiopia, Harare Institute of Technology, Care International-Mali, Africa Centre of Excellence in Oilfield Chemicals Research (CEFOR) University of Port Harcourt, Nigeria, Mazommo Construction Company-Liberia, Addis Ababa University, Uganda Industrial Research Institute, IOM-Sudan**,** among others
For more information regarding the training, contact:
Lillian Ateng’
Training Coordinator
Asset Africa Institute
Trust Mansion Hse, Tubman Road off Koinange Street
P.O. Box 12903 - 00100
Nairobi, Kenya
Phone: +254 -722 469454/720986965
Email: info@assetafrica.co.ke/assetsafrika2@gmail.com
How to register:
For registration to participate in this workshop, kindly email us at:
Lillian Ateng’
Training Coordinator
Asset Africa Institute
Trust Mansion Hse, Tubman Road off Koinange Street
P.O. Box 12903 - 00100
Nairobi, Kenya
Phone: +254 -722 469454/720986965