Your annual operating budget is the amount it costs your organisation to operate for the year. It represents the annual expenses reported in your last financial year audited financial report which includes wages, utilities, rent, insurance, travel, etc.
Your declared annual operating budget should not include:
- Monies that you hold in trust for your clients e.g. disability payments, grant funds you manage for other organisations, etc.
- Funds to pay for goods or services that you then donate. (e.g. a food bank that purchases food for distribution to the disadvantaged)
If you are not sure what your annual operating budget is or would like to change it, please send a copy of your organisation's last financial statement to customercare@connectingup.org