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Date Available
9-10-2026
Year of Publication
2026
Document Type
Graduate Capstone Project
Degree Name
Master of Public Financial Management
College
Graduate School
Department/School/Program
Public Administration
Faculty
Urton Anderson
Committee Member
Rhonda Trautman
Faculty
Margaret Plattner
Abstract
Nonprofit arts organizations face unique financial management challenges due to limited staffing, restricted funding sources, and fluctuating revenue streams. This thesis examines the Arts Commission of Danville/Boyle County located in Danville, KY. It identifies opportunities to strengthen financial oversight, accountability, and long-term sustainability. Using a qualitative research approach and document-based analysis, the study evaluated organizational budgets, governance documents, and nonprofit financial management best practices.
The findings revealed several areas for improvement, including reliance on line-item budgeting, recurring use of carry-forward funds, limited board financial oversight, fiscal sponsorship complexities, and a lack of formal financial policies. Recommendations include adopting a program-informed budgeting model, implementing contingency planning, strengthening board oversight and internal controls, formalizing financial policies, and enhancing training for board members. These recommendations provide a practical framework for improving financial management while supporting the organization's mission and long-term sustainability.
Recommended Citation
Rugerio, Esther, "Best Practices for Budgeting in Small Non-profit Organizations: The Arts Commission of Danville/Boyle County" (2026). MPA/MPP/MPFM Capstone Projects. 488.
https://uknowledge.uky.edu/mpampp_etds/488
