budgeting Archives - Church Executive


FINANCIAL RESERVES:

  Does my church really need them? From Thrivent Church Financing We talk to church leaders every day. Our team understands your concerns about meeting your ministry’s needs today and tomorrow. We’re going to set out to convince you that saving for a “rainy day” is being a good steward — and generous and wise […]

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CHURCH BUDGETING GUIDE — Free ebook & Budget Template

By Jeff Harvey, Content Strategist Every church administrator knows the importance of strategic budgeting — as well as the risks of running a ministry without one. Good budgeting can help your church fulfill its mission, while poor budgeting (or no budgeting at all) leads to confusion, canceled projects, and even church closures. Your church has […]

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Moving forward in faith — and building for the future

By RaeAnn Slaybaugh  As with many churches built in previous decades, Trinity Baptist Church’s 1950s-era facilities had many challenges that were being magnified with growth. Expansion was in order.   But even before breaking ground, closing a street changed the entire project trajectory. Power lines and utilities had to be relocated. Then COVID hit, bringing […]

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The downsides of borrowing from your 403(b)

By Colin Nass, CFP®, AEP®, RICP® You have been saving for retirement and your account has been growing steadily. Maybe your employer provides an annual matching contribution that has been a great incentive to build up your 403(b) or 401(k) retirement account — and with favorable interest rates and investments, it has turned into a […]

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Consistently — and comfortably — accommodating growth

For leaders at Bethel Lutheran Church, the signals that it was time to expand were not subtle.  By RaeAnn Slaybaugh  At the home church in Fergus Falls, Minn., nearly 90 cars per worship service had to park off-campus and walk to church — and this was across three services.   Inside the sanctuary, two of […]

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Project cost vs. building cost

By Rodney C. James Jesus said, For which one of you, when he wants to build a tower, does not first sit down and calculate the cost to see if he has enough to complete it? Otherwise, when he has laid a foundation and is not able to finish, all who observe it begin to […]

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In for a penny, in for a pound

  By RaeAnn Slaybaugh After more than a decade meeting in a school, and then in a leased warehouse, Faith and Victory Church in Auburn, Wash. — a suburb of Seattle — was enjoying significant growth: 30 percent, year over year, for several years. The need for a more permanent (and suitable) church home was […]

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Embracing the peaks and valleys

  For Franklin Christian Church, the road to a new facility was paved with obstacles — which turned into opportunities. By RaeAnn Slaybaugh  The pre-construction planning phase for Franklin Christian Church’s (FCC) new facility began in 2016, focusing on the programming and requirements for the space.  But the story of how it came to be […]

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An intro to estate planning

  For ministry leaders, ‘estate planning’ isn’t a priority; plus, a lot of misconceptions surround the process.  To ensure your wishes are carried out and to protect your loved ones, it’s crucial to have a deeper understanding of what estate planning involves — and to get started now, while you can make the best possible […]

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Refinancing gone right

  By RaeAnn Slaybaugh Central Peninsula Church in Foster City, Calif., is blessed in many ways — not the least of which is in having land in the highly sought-after Bay Area on which to expand as necessary. “Divine timing” is another factor when it comes to locking in a favorable interest rate for its […]

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