FINANCE Archives - Page 33 of 37 - Church Executive


Construction audits of billings and payments can save money

With church facilities under construction, you want to ensure that your money is wisely spent, while at the same time being viewed by your contractor as a cooperative business partner. Fulfilling your financial oversight responsibilities while fostering smooth working relations is a diplomatic endeavor.

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Time to build? Some churches have the vision, raise the funds

Is this the time for a church to be building? Jobs are being lost and families are rethinking their pledges to their church’s budget. Even as many are having difficulty with their own home mortgage much less be financing their church’s new home, one person in the building trades says the present time is “an incredible opportunity for the faith-based building sector.”

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Cultivating ‘radical generosity’ in a crazy economy

Nestled in South Florida’s sun-drenched Fort Lauderdale area, Church by the Glades had two problems as it headed into the year 2008. One of the challenges was the kind of issue most pastors would love to face. The other problem was much less desirable.

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First Baptist Dallas is halfway to $130 million campaign

First Baptist Church Dallas will build an expansive, new state-of-the-art campus that will enable the historic congregation to continue to be a spiritual beacon in downtown for generations to come. The congregation gave standing approval Nov. 1 to the plans and groundbreaking could occur as soon as July.

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How one church recovered from the brink of financial disaster

When Crossroads Christian Church in Corona, CA, accumulated $500,000 in debt — in addition to falling behind on their mortgage payments — financial ruin and foreclosure seemed imminent.

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The altered landscape of giving has both good and bad news

People of faith are renowned for their charitable generosity. Amidst what economists are calling the “Great Recession,” giving to religion is the one subsector of charitable giving that grew in 2008. While charitable giving as a whole decreased from 2007 to 2008 by 2 percent (-5.7 percent when adjusted for inflation) and individual giving dropped 2.7 percent (-6.3 percent when adjusted for inflation) contributions to religion increased by 5.5 percent (+1.5 percent when adjusted for inflation).

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Lessons for church leaders from the recent economy

Remember when it was easy to manage church finances? Income approximated expenses. New programs were launched to meet people’s needs. Lives were changed; more people came, and expansion became necessary; capital campaigns followed, which met or exceeded expectations. Then the bottom fell out as the economy plunged into a recession unparalleled in our experience.

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Avoid the foibles in preparing church financial statements

In recent years the issue of corporate financial accountability has become increasingly important, even for churches. As a result, more and more churches are providing annual financial reports to their congregations. Unfortunately, many of these reports are simply based on business financial reporting models and therefore may not convey the church’s finances as clearly as they could.

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Dirt’s flying, but pledges are down. What can we do?

The pastor of “Hometown” Community Church noted in a casual way one Sunday that the pledges for the new worship center and classroom buildings were coming in only at a 50 percent rate.

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How one church helped families secure stronger finances in tough times

When Blackshear Place Baptist Church offered a family finance program, 1,200 people signed up, and trimmed thousands in personal debt.

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