You have been hired as an executive director of a small nonprofit organization. Among your many duties are to determine an annual budget and develop a fiscal plan for the organization.
For this assignment, you must develop a 2-page spreadsheet that you will deliver to the director and staff containing an annual generic annual budget for the RTWMTC. Using an income of 800,000 per year, you must answer the following questions:
- How many employees does the RTWMTC company have and what is the break down of their salaries (you may choose)
- What additional costs does RTWMTC have (include utilities, lease/mortgage, phone, etc.)?
- What is the surplus or deficit of the RTWMTC?
Explain why it is important for an organization, a project, or a department to have a budget.
Remember to use the library or other credible resources to support your argument. Be sure to cite your sources using the correct standard of APA.