Special Topics Seminars

Budgeting and Understanding Financial Statements

June 24, 2019, 9 a.m.-1 p.m.; Giving DuPage
Presented by Timothy J. Gavin, CPA, Senior Audit Manager, John Kasperek, Co., Inc. and Betsy Hull, CPA, MPA, Finance Director, DeKalb County Community Foundation (bio). Refer to the 2018-2019 CLA Brochure (PDF) for Objectives, Civic Leadership Specialization Tracks, and ICMA Practice Areas.

Description: Financial statements can be confusing and hard to read, and yet they provide some of the most valuable information in assessing the financial health of an organization. With so much information that is presented, it can be hard to separate what matters to you from what doesn’t. This session will demonstrate how to interpret the numbers and notes in a standard financial report and show how to best use the information to understand an organization. Whether you’re a manager, board member, or other stakeholder, making sense of a financial report is key in making informed decisions. Non-profit budgeting is essential to the success of an organization.  This session will focus on why, when and how nonprofits should approach the budgeting process and expected outcomes.  We will examine budget documents from sample organizations and practice building and evaluating our own budgets. We encourage attendees to bring their organization’s budget to the session as a frame of reference.







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