10: Annual Budget
The community foundation submits the budget for the most recent two years. The budget includes both revenue and expenditures for both years.
- The foundation’s sources of revenue and nature of expenditures for the previous year.
- The foundation’s sources of revenue and nature of expenditures for the current year.
No documentation is required. Note that the Form 990 will provide some financial information and the resolution will require the date the board approved the most recent budget.
- Annual Budget