How can I create a budget for a youth program?
An example of an AI chatbot conversation about budgeting for youth programs.
How can I create a budget for a youth program?
To create a budget for a youth program, start by identifying your goals and the resources needed. What activities do you plan to include?
We want to organize workshops, sports activities, and field trips.
Great! Estimate the costs for each activity, including materials, venue, and transportation. Do you have a rough idea of the number of participants?
Yes, we expect around 50 participants.
Perfect! Multiply the costs by the number of participants to get a total. Don't forget to include a contingency fund for unexpected expenses.
How much should I allocate for the contingency fund?
A common practice is to allocate 10-15% of your total budget for contingencies. This helps cover any unforeseen costs.
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