Improve cash management to control budget deficits

Description

Abstract: In an economic downturn, when most nonprofits simultaneously face revenue losses and the growing needs of their constituencies, it would be wonderful to find a simple and painless way to improve cash flow. There’s no easy solution to the cash crunch, but this article offers tips on cutting expenses, getting more cash from traditional avenues, and using cash reserves — or the investments your board has designated for future use — to support your operations. A sidebar offers an example of a simple cash flow forecasting model.