The operating budget must be reviewed and approved by the nonprofit's board of directors before it is considered final. The operating budget normally does not include capital expenses.

The Camden, Me., nonprofit lists its largest expenses first. “We want to focus on what the funder is putting their money towards,” says Alex Gaeth, the nonprofit’s chief executive. “One of the things ...

Maryland Comptroller Brooke Lierman said there needs to be more oversight to account for an increase in new state budget ...