5. A comprehensive financial planning process is in place

Self-assessment supporting outcomes	Things to Think About
5.1 A rolling long term financial forecast, based on the strategic plan objectives, is in place and approved by the board.
5.2 An annual income and expenditure budget, based on the operational/business plan objectives, is in place and approved by the board.
5.3 A budget development and approval process has been recorded.
5.4 A comprehensive income and expenditure budget was prepared prior to each major event undertaken.

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