Since it is a program focused on the education of

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become tax exempt. Since it is a program focused on the education of children, taxes may be waived. However, if they are not tax-exempt eligible, the company many defer the payments for a year and include those expenses in the following year’s budget. The organization may also experience this budget problem if they overspend in one department while a proper budget is not set for it. Expenses should be limited to what the budget allows; for example, while a budget may be set for recreational equipment at $2,500, but the company ends up spending $5,000, it will create a deficit that cannot be made up. The budget should be set by what the company is capable of earning. If the budget is set too high, the company will not earn a profit (Miriam, n.d.). If this has already occurred in the business, the only thing the company can truly do is suspend all unnecessary spending that is happening. Funds that are set for other departments must be allocated over to the category which has gone over. The company may end up making no extra income at the end of the year, but at least they would not be in the deficit. Finally, the third possible reason why the funds have become insufficient may be due to over projection of revenue. The business may have forecasted that the summer camp program would
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