Budgeting Interview
1. Why do you need a budget?
So I know how much money the unit has, and I can plan activities accordingly. We usually have an annual budget of about $125k for travel, and $15k for other general stuff. You can’t just sling that amount of money around willy nilly. You need to have a plan. It seems like a lot but it will run out fast.
2. What does your budget include?
Travel budget and a budget to purchase things I need, like a $4,000 coffee maker. Not a joke. Things to improve unit morale and functioning, refresh office supplies and equipment.
3. What things do you consider first when planning your budget?
How much money total I have available. Then what I need to accomplish. I try to match up what’s available with what I need to spend, but there are always little surprises that crop up along the way.
4. How do you handle surprise costs that weren’t budgeted in?
Prioritize based on the most pressing needs. If a renovation ended up costing 10% more than we thought it would and budgeted for, then we have to take that 10% out of somewhere else. There might not be as much morale stuff as we would have liked. Something we like to do is have a yearly BBQ and morale day for members and family. If we blow our budget, we can’t do cool things like that. Unfortunately, the fun stuff gets axed first.
5. What are your ultimate goals with your budget?
In my dream budget, we’d have enough money to meet those goals and accomplish the mission. Leftovers are nice I guess but they’re not the best, because that means you didn’t plan right. You didn’t know exactly what you needed. In this situation, surplus is bad. The government gives us as much money as we spent last year. So for FY17, they’ll only give us as much as we spent in FY16. That means if we start with $150k, we better spend $150k. It’s usually not a problem.
6. What software or programs are your favorite for budgeting and why?
I use Excel because it’s easy to use and I can create my own formulas. I can tailor it to exactly what I need. There are other premade ones out there, like YNAB and Mint, but those aren’t robust enough for what I need, and they don’t do exactly what I want. Setting up Excel takes a little longer but it’s awesome once it gets going.
7. What’s the hardest thing about budgeting?
There’s never enough money. Everyone wants something and not everything can be paid for. You have to make tough choices.
8. What’s the most satisfying thing about budgeting?
Accomplishing goals and being able to pay for everything you needed to. When you budget for $150k and you spend exactly $150k, it feel really good. It means you’ve got your finger on the pulse of what’s going on. It means you’re really connected to the unit.
9. What advice would you give a new manager in regards to creating and maintaining a budget?
To just do it. Establish a good system that works for you. Track it. Follow up on it. Improve it. You have to be actively involved in your budget or it will eat you alive.
10. What’s something you wish you had known about budgeting when you started doing it?
It’s not as hard as some people make it seem. People talk it up like it’s this big, scary, difficult thing, but it isn’t. You just have to pay attention to what’s going on, and you’ll be fine. Don’t be scared of it.














