Church Finance Archives - Page 2 of 6 - Church Executive


How two churches use data & technology to reach more — & raise more

Funding ministry is likely the most complex part of your role as a church leader. Changing attitudes around giving and involvement don’t help; tithing and weekly attendance is no longer considered normal. These shifts are making it harder and harder for you to fully fund your vision.

It can seem impossible.

Yet, many church leaders are beginning to learn that working smarter, not harder, is the way to discover your path to developing a culture of stewardship in your church.

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7 best practices for reaching your church’s budget goals

church giving generosity

As I read the Puget Sound Business Journal a few months ago — in print, I might add — I stumbled across an article titled, “7 ways to make a real connection and realize a real return on that sponsorship.” The author, Adam Worchester, made seven points about how corporate non-profit sponsors can motivate their employees to form a deeper bond with the cause they’re supporting.

I found the advice to be spot-on, so I decided to “steal” Worchester’s seven points and rewrite them specifically for churches. What follows are the seven best practices for reaching your church’s budget goals.

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Church accounting basics: transparency & accountability

How to lay the foundation for true church CHURCH ACCTNGaccounting stewardship

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CAPITAL PLANS 101: What they are. Why you need one.

“We’re an old church; we just replace things when they break.”

This is the common response when I ask church leaders throughout the nation about their long-term capital planning strategy. While this statement might be true for many worship facilities, for many years, that doesn’t mean it’s the wisest form of stewardship for a church’s physical assets.

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Church accounting basics: EMPLOYEE — to be or not to be

If your church is anything like mine, you are constantly trying to navigate the requirements of our nation’s employment laws. When researching the topic of “employee versus independent contractor,” what I find is consistently inconsistent. It’s easy to get lost in the lack of interpretation.

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It’s time to work smarter, not harder

Simple church can feel incredibly complex at times. There are always more people to reach. There is always more ministry that can be done.

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What are banks looking for?

Long-term interest rates appear to have bottomed out and are projected to increase by year-end. So, now is the time to consider borrowing funds to undertake important building initiatives or refinancing existing debt.

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Finance & lending trends: time to expand to new location(s)?

As unemployment has declined and consumer confidence has grown, it appears that the post-meltdown reluctance to solicit donors for capital pledges for religious institution expansion is abating.

This is giving way to pent-up demand for worship space.

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Phase 5: giving & follow-up

The fifth and final phase of a capital campaign is all about a commitment to consistent communication. Here, Paul Gage explains why this is so critical, and how to make sure it happens.

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Best practices: insurance review and planning

The loan underwriting process is centered on determining the level of risk associated with each ministry. As a part of that risk management process, we inquire about the amount of debt, cash reserves, as well as the limits and type of insurance coverage the ministry maintains.

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