Money Talk: Financial Forecasting NEED HELP

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Financial Forecasting NEED HELP

Printed From: Community Theater Green Room
Category: Theater Administration
Forum Name: Money Talk
Forum Discription: Questions about fundraising and promotion
URL: http://www.communitytheater.org/forum/forum_posts.asp?TID=4961
Printed Date: 11/24/24 at 10:17pm
Software Version: Web Wiz Forums 8.05 - http://www.webwizforums.com

Topic: Financial Forecasting NEED HELP

Posted By: nickjarrettmba
Subject: Financial Forecasting NEED HELP
Date Posted: 2/05/11 at 10:02pm

I just assumed the VP role in my community theater board of which I have not been much involved in the past. I have an MBA so they wanted me in the position to help them get a better handle on their money problems. The first task I have place upon myself is to devise some sort of financial forecast from which we can see what our financial goals should be. Where do I begin. I am going to go over our expenses with our Treasurer Tuesday and see what exactly our expenses are and where from and how much money are we earning. I guess my biggest question is how do I break down the expenses and income and where should I get the data to support my forecast.

Replies:

Posted By: SeanReidLaw
Date Posted: 2/17/11 at 6:05pm

Nick,
There are several ways to do this. While you need to find what works best for you and your company, I general send theater companies to http://www.vastage.com/tools/companyinfo/files/0004.pdf for an example of a financial breakdown.