Budgeting with BOMA: Tips & Tricks for a Successful Budget Season - Week 4

Finalize Your Budget

1. Focus on the Details
   The more specifics you include, the stronger your budget will be. Make sure you can answer:
   • What are you budgeting for?
   • Why is it necessary?
   • When will the expense occur (monthly, quarterly, bi-annually, etc.)?
   • Where did the numbers come from? Always cite your source.
2. Triple-Check Your Numbers
   Carefully review for common mistakes like formula errors, outdated notes, or typos. A thorough review now saves headaches later.
3. Aim for a Final Draft, Not a Rough Draft
   Treat your first draft as if it's your final submission — with all details clear, complete, and accurate.

In Summary:
A well-prepared budget is clear, detailed, and error-free. The time you spend now double-checking the numbers and backing up your assumptions will pay off all year long — setting you, your team, and your property up for success!