Cash Flow Projections 101
Tuesday, May 14, 2024
1:00 pm - 4:00 pm
Virtual Workshop via Zoom
Individual Members: Free to Attend
Organizational Members: Free to Attend
Non-Members: $55
About this event
Will your organization have enough cash to cover payroll next month? How about an unbudgeted expense or a fabulous new opportunity? Financial statements are important for board members and leadership to analyze the organization’s historical performance, but cash management is critical for day-to-day financial operations. In this class, we will learn how to develop a cash projection spreadsheet that can be updated regularly so you can successfully plan ahead and avoid surprises. Learning about cash projections is also a wonderful method to get familiar and comfortable with financials, because cash projections tend to be a more intuitive way of looking at financial information.
Learning Objectives:
- Discover 3 methods of projecting future cash flows: mind dump, budget conversion, and hybrid
- Analyze common differences between an accrual-based budget and a cash projection
- Identity strategies for handling shortfal and windfalls
Audience: This workshop is great for Executive Directors, fund development professionals, program managers, board members, and anyone else doing budgeting for nonprofit organizations.
Faculty
Anne Freiermuth
Anne Freiermuth, CPA, is a Principal at Mission Math and has over 20 years of experience working with over 50 nonprofit organizations in the areas of accounting, audit preparation, human resource management, board presentations, and governance policy development.
After graduating with a Bachelor of Arts in Economics from Vassar College in New York, Anne worked for JP Morgan Chase as a credit analyst in Connecticut. Looking for a milder climate and a more personally meaningful career, Anne returned to Los Angeles, where she grew up. She soon began bookkeeping for a tiny nonprofit with a staff office located in the room behind the garage of the board chairman’s home. It was love.
Anne pursued her interest in accounting by taking coursework while working full-time for nonprofit finance departments. She received her Certificate in Accounting from UCLA Extension in 2009. She then became a California-licensed Certified Public Accountant in 2011.
Anne also regularly teaches nonprofit accounting, notably for the California Society of Certified Public Accountants, UCLA Extension, Center for Nonprofit Leadership, The Nonprofit Partnership, American Jewish University and Riordan Leadership Institute.
Anne proudly serves on the board of directors of Los Angeles Conservation Corps.