A well-functioning budget process is more than a set of procedures—it provides a focus for the organization and management to analyze key financial and strategic issues. This invaluable reference addresses the fundamentals of managerial incentives, resource allocation, and practical ways in which these incentives can be managed to serve the strategic goals of the organization by taking an in-depth look at the principles of budgeting for not-for-profit organizations—higher education, charities and foundations, religious organizations, and hospitals and healthcare organizations.