budgeting Archives - Church Executive


FAIR LABOR STANDARDS ACT: How Recent Changes Could Affect Your Church

By Denise Craig, CAE, CCA Back in April 2024, the US Department of Labor published a rule requiring all employers (including churches) to increase the minimum salary threshold for exempt workers in both July 2024 and January 2025, with regularly scheduled increases after that. However, in mid-November 2024, after the first increase had occurred and […]

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FINISH STRONG + START STRONGER

  Year-end giving is crucial in meeting any church’s annual budget goals. But when should you start? Are you even set up to drive maximum generosity? And how can your efforts do double duty, driving not only giving but also engagement and discipleship? A church communications + giving expert weighs in. Church Executive: In the […]

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SMALL SPACES. BIG IMPACT.

  Getting the most from the smaller spaces in your church By Steve Siebert There was a time when churches could acquire existing buildings or land for low prices and renovate them at a fraction of today’s costs. Today, however, the cost per square foot for both acquisition and renovation has increased significantly, making it […]

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Keeping insurance costs in check

5 strategies to implement in your church You don’t have to be an insurance expert to know that churches are facing unique challenges with their insurance in recent years. Many well-documented factors are driving these challenges, including catastrophic weather events and rising costs — both of which are out of a church’s and insurance carrier’s […]

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Why are churches being non-renewed?

A better question is: Why were churches blindsided by one of the most severe hard-market cycles in recent memory? It was this downturn that led to non-renewals and higher rates. Maybe the answer lies in churches’ DNA. Most churches don’t think of themselves as businesses or entities susceptible to market cycles. By and large, they […]

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Managing your finances in retirement: What to do now  to prepare

  By Rev. James R. Cook, CFP®, RICP® You might have heard retirement referred to as “the golden years.” Some people view retirement as a chapter in life when they can spend more time with family, on leisure travel, or starting a new hobby. Some retirees engage in activities they’ve always wanted to do but […]

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2025 underwriting trends for churches

By Peter Mahler Over the last six to 12 months, churches across the United States have been noticing significant increases in their insurance premiums. Inevitably, leaders start to shop around for a more affordable policy — only to find that rising prices are everywhere. So, it’s a trend — not a specific company’s individual practices. […]

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Church salaries and the current economy

By Denise Craig, CAE CCA Church salary increases are not keeping up with the rate of inflation. For ministry employees, this means the money they are bringing home, even if it is more than it was last year, isn’t going as far as it used to. As costs of housing, groceries, and other household costs […]

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USING TECHNOLOGY TO MANAGE YOUR FINANCES

  By Angela Park In today’s fast-paced world, we use technology in almost every area of our lives. So, it makes sense to use technology to manage our personal finances. With the correct tools and skills, it has become easier for anyone to manage their money with an online program or mobile app. Using technology […]

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4 conferences, 1 event

CFX 2024 will focus on church AVL, church building projects, church safety, and facility stewardship — all under the same roof Church Executive: Who is the target audience for the educational offerings at CFX? And for new attendees, what kind of experience can they expect to have at the event? Stephanie Lippi: At CFX, our […]

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