budgeting Archives - Church Executive


Penny wise & power smart

How to be cost-conscious — & environmentally responsible — with your wireless audio equipment What are you spending on disposable batteries every year for wireless mics, lavaliers and in-ear monitors? Have you considered a rechargeable solution? The ability to purchase batteries (and charger) just once — and yet equip your church for years! — is not […]

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The sustainable metric — where cash is always king

By Rebecca M. DaVee, CPA Our last metric is the sustainable operating metric. When you boil it down to the last key performance indicator — the one that tells the true story for sustainability — what is it? It’s not based on an account buried in the profitability of the organization, (i.e., statement of activities […]

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With rates rising, should you terminate your interest rate swap and refinance?

By Dan Mikes As you might have noticed, interest rates have been on the move. Also, recent economic signals seem to imply the federal government will be more active in 2017.  Consider comments economist Dr. Scott Anderson made on February 17 under the heading, “Inflation Runs Hot, Will the Fed?”: The urgency to hike interest […]

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Debt management: one of the keys to financial wellness

By Rev. Dr. Patricia Hunter, CFP® In today’s world, most of us have debt. One of the keys to achieving financial wellness is learning how to manage that debt. Debt does not have to be an insurmountable problem Is debt distracting you from your ministry? As servants of God, we often place the needs of […]

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Good governance = good giving

A clear financial plan, including a sound investment policy, protects a church, its ministries and its people from a potentially devastating financial misstep. However, did you know this same plan can actually drive better giving, too? John Regan, Partner and Chief Investment Officer at New York-based Permanens Capital, which counts among its clients several large churches […]

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Starting a Christian school: best practices

By Darren Thompson & Richard Koon with Robert “Bo” Gutzwiller You might be successfully pastoring a church and thinking the “next step” for your ministry is starting a school. CAUTION: Your skill and experience with operating a church might or might not translate into the unique challenges that schools present. Who wouldn’t be interested in […]

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Financial wellness: an added benefit for your staff

By Louis P. Barbarin, CPA Perhaps you have heard of or read about ‘financial wellness’ in the workplace. It’s one of the new buzzwords used to describe the range of financial services that some companies are making available to their employees. So, just what is financial wellness? According to Tom Rath and Jim Harter, leaders […]

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Understanding metrics that quantify leveraged assets

By Rebecca M. DaVee, CPA In 1856, 16 individuals formed First Presbyterian Church of Dallas. For 15 years, the congregation met in various locations, including the Dallas County Courthouse. Fast forward to 1872 — the Dallas Presbyterians had found a new church home, located on Elm and Ervay. With the arrival of the railroads, downtown […]

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3 simple ways to increase your church’s giving

Statistics show that giving online is increasing year over year. Other methods for giving are also gaining momentum — via text message and mobile phone.

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Measuring ministry activities

church dashboard metrics

Measuring and exploring key performance indicators (KPIs) for your ministry can help in the navigation of both risks and opportunities.

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