FINANCE Archives - Page 5 of 5

After my father died 20 years ago, I went to my parents’ safe deposit box at the local bank to see what might be there for mother’s financial support. For 40 years and one month of his work life he helped make Hershey milk chocolate and saved what he could.

Churches get in the driver’s seat with reliable alternative

Posted by Contributor

budget, bus, church, congregation, FINANCE, management, transportation

September 1, 2009 at 11:23 am.

Looking at the cost of a brand new bus which includes taxes, yearly maintenance, insurance and fuel, it may seem that the amount of money the church has budgeted for a new bus barely scratches the surface. However, a quality used bus will meet the needs of the congregation without causing a serious deficit in your overall budget.

Annual reports are as much for the church as for business today

Posted by Contributor

adminstrator, annual report, budget, business, church, Communication, congregation, economy, FINANCE, financial, LEADERSHIP, money, pastors, performance, personnel, review, savings

September 1, 2009 at 11:11 am.

No doubt as investors or participants in an employer’s 401(k)or IRA retirement fund, many congregants are used to perusing financial statements that affect them. They may or may not understand the fine details, but many a financial advisor has remarked at how good people can be at getting to the bottom line.

Refinancing debt may free up cash for ministries and missions

Posted by Contributor

budget, church, debt, economy, FINANCE, leader, loans, refinance

September 1, 2009 at 8:12 am.

One of the most significant stewardship responsibilities for a church is managing debt. Churches weigh the decision to incur debt very carefully, and are typically highly focused on the details of the loan.

How to save on construction in a challenging economy

Posted by Contributor

architect, budget, building, church, Construction, economy, FACILITIES, FINANCE, financial, LEADERSHIP, money

August 1, 2009 at 8:44 am.

Taking on a building project of any kind just now, in this recession, be it new construction, expansion or refurbishment of an existing space, brings added scrutiny from all parties involved — pastors and staff, volunteer leadership and congregations at large.

THE CHURCH’S NEW NORMAL: A time to take from the offering plate according to one’s need?

Posted by Contributor

budget, church, Communication, community, congregation, FINANCE, financial, generosity, LEADERSHIP, management, money, savings, staff

July 1, 2009 at 11:33 am.

Cross Timbers Community Church decided to take some exciting steps to respond to this current economic season. A few weeks back, Senior Pastor Toby Slough told the church during our giving time that if anyone that day had a need — because being laid off or other financial challenges — that they were welcome to take out of the plate as it passed by rather than give that week.

Staff CFO insures that finances are handled on task and on target

Posted by Contributor

budget, CFO, church, decisions, economy, FINANCE, financial, LEADERSHIP, money, staff

May 1, 2009 at 8:35 am.

The CFO is a senior leader who deals with all the business areas of the church, proactively involved so that the decisions affecting the financial affairs of the church are handled on task and on target.