HSL 643Submit your summary of Chapters 9 to 15 of theRequired Text:Lawrence Martin, Financial Management for Human Services Administrators.(Waveland Press, 2016)

Chapter 9
The chapter describes about budgeting in human service organization. The chapter starts with discussion made on importance of budgeting and requirements of budgeting in the organizational planning and the process of decision making. The chapter includes the explanation for different types of budgets that includes operating budgets, capital budgets and program budgets. It describes about the way in which budgets can be used in human service organization (Martin, 2016). The chapter has highlighted steps in the process of budgeting. This is required to have creation of budget calendar that will help in development of revenue projections. It includes identifying expenses and setting priorities that will help organization to rise. The importance requires considering all stakeholders for the process. It includes tips for effective communication and collaboration that are required by the organization. In the end of the chapter, there is discussion based on challenges with budgeting in human service organizations. This includes identifying difficulty in predicting revenue and expenses. It also includes impact of external factors like government funding and economic conditions. It is important to work on monitoring and adjusting budgets that is required for improvement. The chapter describes about the importance of effective budgeting that is required for achieving organizational goals.
Chapter 10
The 10th chapter described about the ways of financial reporting and analysis that are required in human service organization. This includes describing the importance of financial reporting and analysis that are required for providing the information to stakeholders. The important stakeholders in the organization includes board members, funders and staff. These stakeholders are required for making informed decisions that are related with finances of the organization. It describes about various financial statements that describes about balance sheet, income statement and statement of cash flows. The chapter includes the information about way statement provides important information to the organization for describing the financial position, performance and liquidity. It includes describing financial ratios used for analyzing financial statements that is accessed for understanding financial health of the organization (Martin, 2016). It includes the discussion about the importance of budget-to-actual analysis. It is required to be compared with actual financial performance of organization. It can help in describing the budgeted performance along with tips that are required for conducting effective analysis. This financial analysis is required for decision-making process and development of strategic planning. It provides with the comprehensive overview for financial reporting. It is required for highlighting the importance of using financial information in strategic planning and decision making.
Chapter 11
In this chapter, the topic describes about financial management in human service organizations. It starts with highlighting the importance of financial management that is required for achieving mission and goals of the organization. It is important for ensuring financial sustainability of...