Are you including CPI increases in your organisation’s budget?
You’re probably already building in cost-of-living increases to reflect the true cost of running your organisation and delivering services over time. But if you’re not — maybe because of the constrained funding environment or concern that funders won’t support it — our plea is simple: if you don’t ask, you don’t get.
Funders know that costs rise and should expect to see that reflected in multi-year budgets or in repeat applications. Yet too often we’re seeing organisations receiving the same funding year after year while costs continue to rise, creating real financial pressure.
To help, our Funding Advisor, Tracy Stockman, has created a clear, practical one-page guide on how to apply CPI to your budget. SociaLink is also talking with funders about why it’s so important to fund for CPI, so that organisations can continue to deliver their valuable services without being stretched too thin.
Download the one-page guide below:
