budgeting Archives - Page 8 of 23 - Church Executive


Finding the silver lining: positive impacts of the global pandemic

By Molly Matthews The global pandemic has brought about immense change, and many have unfortunately felt negative effects. However, not everything that has come out of this is doom and gloom: some churches have seen positive impacts from pivoting their business strategies. Primarily, ministries were forced to turn to digital solutions to maintain connection with […]

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Bookkeeper saves church $8,000

By Amy Manderscheid  Before she started working for StartCHURCH, Angela worked in various accounting jobs. Now, she is one of our dedicated bookkeepers. One day, while reconciling accounts for one of the churches she works with, she noticed something off in the numbers. She quickly discovered the church was being charged $600 a month for […]

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Blessed under trial

With preparation, persistence and wise collaboration, Bridgeway is saving $450,000+ in yearly interest — even amid a pandemic By RaeAnn Slaybaugh Heidi Coughran has spent most of her career in church operations. She says it’s “exactly my wheelhouse.” So, when the opportunity arose in 2015 to join the staff at her beloved home church — […]

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Selecting investments to achieve your goals

By James R. Cook, CFP®, RICP® Before you devise an investment strategy, define your goal. Are you saving for retirement, to purchase a home, to fund your child(ren)’s education or something else? In this article, we will focus on saving for retirement. Risk tolerance and risk capacity When investing for retirement, consider your risk tolerance […]

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Buy. Renovate. Build. Repeat?

Flexibility — and familiarity — in financing ensure one church’s buy/renovate/build expansion project is a smooth operation By RaeAnn Slaybaugh Recently, Northridge Church in Rochester, NY, found itself in a unique position. To accommodate growth, it would need to buy, renovate and build. It was a different project than the church’s 2008 sanctuary build-out — […]

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Compensation basics

Compensation is always a challenging subject for church leaders, but even more so right now as they and their congregations struggle through the pandemic. Here’s some great advice from MMBB Financial Services (New York, NY), financial experts and pastors alike on how to approach the compensation equation (and discussion) right now. When we talk about […]

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The stewardship of space

Amid coronavirus, churches are (literally) reimagining their worship spaces. Portable equipment — platforms, risers, barricades and more — can make your space work, if you know how to maximize them. As you work with church leaders right now, what are their biggest questions about post-COVID operations? Cindy Albrecht: Church leaders come to us seeking solutions […]

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A transformation, truly

By RaeAnn Slaybaugh A Florida church’s design proves big impact is possible on a budget For Westside Family Worship Center in Jacksonville, Fla., everything changed overnight. Always a strong military community, the closure of a nearby Navy base meant the church immediately lost 60 families. Meanwhile, left empty, multiple mobile parks across the street from […]

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Lights, controls, savings! (And safety, too)

During COVID-19, consider using the facilities’ downtime to drive cost savings — and create safe, clean spaces for the ‘new normal’ The COVID-19 pandemic has caused many churches to operate remotely or with a limited schedule. The empty buildings provide parishes an opportunity to make facility upgrades that will last well beyond the pandemic. LED […]

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Remote control

During COVID-19 — and beyond — an energy management suite (EMS) can do so much: streamline operations, increase control, reduce wear-and-tear, save time, keep people safe, and drive significant savings. Many churches are working and worshipping remotely and operating on a limited schedule. How are they managing their campuses’ HVAC / temperature control?  Sam Boutros: We […]

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