Budgets & Finance

This can become a Google Doc, with a smaller section in the Pro-Project chapter of this handbook.

The Types of Budgets Used By OpenUp

Our Common Budgets

1. Core Operating Budget

2. Revenue Project Budget

3. Overall Budget for Internal Projects

When to Start Planning a Budget

1. External Projects

2. Internal Projects

• Project-specific grants

• Core grants

Planning a Budget

How to Create A Budget

How to adjust a budget

• • What is OpenUp’s policy on adjusting budgets?

  • When and how often do adjustments usually happen? What are the typical circumstances involved?

    • Internal Budget

      • Operating Costs

      • Expenses

    • External Budget

  • How do you prioritize where to allocate limited funds, for equally important things/tasks?

Month-in

Expense claims

Invoicing clients

• the difference between invoicing clients and invoicing projects. Is their a difference?

Allocate AWS costs to a project

Allocate Upwork transactions to projects

Links to templates

• Budget template

• An invoice

• Project Budget template

• Humentum link folder

• Link to OpenUp assessment and action plan