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Budget Overview: Key Considerations
- FY26 Proposed Budget was presented in Town Hall meeting on August 16, 2025.
- Data-Driven Approach: The Board of Directors (BOD) analyzed the last three years of actual spending to create a realistic operational budget.
- Portfolio Based Budgeting: For the first time, a Portfolio based budget template was implemented, ensuring a clear and accountable process.
- Cost Optimization: Key areas for reducing expenses have been identified.
- Risk Mitigation: A new budget is being requested to address three major risks identified in last year’s assessment: Financial/Tax Compliance, HR, and Legal.
- Increased Costs from 3 Eids: The next fiscal year will have three Eid holidays (Eid ul Adha 2025, Eid ul Fitr 2026, and Eid ul Adha 2026), which will increase operational costs.
- Redirected Funds: Historically, prior to the Loan payoff, MCC Operations collected ~$200K – $300K each year that is being redirected towards Expansion for the time being.
- Growth-Related Expenses: The rise in attendance and number of programs is driving an increase in overall costs.
FY26 Priorities
- Transition from Startup to Scale-Up: Focused on achieving sustainable growth as the organization expands.
- Building a Strong Foundation: Instituting key financial and operational controls and designing repeatable processes to ensure efficiency and accountability.
- Investing in Automating systems to improve governance and oversight.
- Strategic Growth: Increasing membership and enhancing programs to better serve the community while optimizing costs and reducing risk.
- Biggest Challenge: The central challenge is a mindset change to drive accountability across the organization.
