# How to Spend a Budget

### **Spending a Budget**

* &#x20;By nature, approved budgets are **fixed.** Approved budgets have allocated funds to specific tasks and/or areas of the project.&#x20;
* as line items, they have to be spent accordingly.&#x20;

### **Current major core funders.**&#x20;

* OSF
* Illuminate.&#x20;

Restricted grants: restricted to be spent on certain projects.&#x20;

1. Unrestricted grants: we’ve got an overall budget that shows how we intend to spend for 12 months across various internal projects.&#x20;
2. Overall budgets: reviewed every quarter. Gives us an idea of how we spend the unrestricted grant.&#x20;
3. Other sources for revenue projects, they get invoiced, and we aim to make a profit from those, in terms of where that money will go.&#x20;
   1. As an org, we’d like to move to a place where profit from revenue projects can pay for core operating expenses, so core operating expenses don't get paid from grants.&#x20;





1. **Core Questions**

*
  * **Where does funding come from, and how do you decide where the money goes?**&#x20;
  * **How do you prioritize where to allocate limited funds, for equally important things/tasks?**
  *
