Church Finance Committee: Budget Planning & Execution Strategies
Preparing a Balanced Budget
Welcome
Prayer
Introductions
Course Goals
Week One
Review the work of the Finance Committee as
stated in the Book of Discipline
Review your church’s income and expenses
Identify projected income and expenses
Course Goals
Week Two
Gather your church’s budget information and budget
requests
Create a budget spreadsheet
develop a process for living within the budget.
Living into a balanced budget
Finance Committee
An effective finance committee proposes a
budget;
then raises, manages, and
distributes the financial resources
of the
congregation to support and strengthen
the mission and ministry of the
congregation.
Responsibilities of the Committee
The finance committee annually compiles
a budget for supporting the mission and
vision of the local church
and submits the
budget to the church leadership team for
review and adoption. During the year, the
finance team recommends any changes to the
approved annual budget to the church
leadership team.
This team is responsible for developing
and carrying out plans to raise enough
income to support the budget that has
been approved.
Both the finance team and individual
members need to engage in spiritual
practices that attend to God’s will and
direction. Team members need to hold
one another accountable to decisions
and actions that fulfill the mission and
vision of the church.
Breakout Rooms
What is your church’s Finance
committee doing well?
Where are there challenges?
As a group decide on one
challenge to bring back to the full
group.
10 minutes
Budget Planning
Start Early!!
Mission and Vision
Income
Expenses
Income
Before you can allocate your funds,
you need to have a good handle on
your church’s spending and how it
comes in. What months or services
tend to have the most extensive
offerings? What are your leanest
months?
•
Offerings
•
Donations
•
Dues
•
Facility rentals
•
Trust funds
•
Investments
•
Bequests
Expenses
To say that budgeting is keeping track
of the money coming in and the
money going out seems glaringly
apparent. But it’s that simple. The
truth is that your budget is only going
to be as good as your financial
awareness. The longer you keep track
of the money coming in and out, the
easier creating accurate budgets will
be in the future.
Breakout Rooms
What are your congregation’s
ministry priorities?
Are those priorities evidenced in
your budget?
15 minutes
Include Shared Ministries in Your
Budget
Explore the essential functions and responsibilities of a church finance committee in preparing and managing a balanced budget. Learn how to review income and expenses, develop budget spreadsheets, and align financial resources with the mission and vision of the congregation. Discover effective practices for raising income, engaging in spiritual practices, and addressing challenges within the finance committee.
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Presentation Transcript
Preparing a Balanced Budget Welcome Prayer Introductions
Course Goals Week One Review the work of the Finance Committee as stated in the Book of Discipline Review your church s income and expenses Identify projected income and expenses
Course Goals Week Two Gather your church s budget information and budget requests Create a budget spreadsheet develop a process for living within the budget. Living into a balanced budget
Finance Committee An effective finance committee proposes a budget; then raises, manages, and distributes the financial resources of the congregation to support and strengthen the mission and ministry of the congregation.
Responsibilities of the Committee The finance committee annually compiles a budget for supporting the mission and vision of the local church and submits the budget to the church leadership team for review and adoption. During the year, the finance team recommends any changes to the approved annual budget to the church leadership team.
This team is responsible for developing and carrying out plans to raise enough income to support the budget that has been approved.
Both the finance team and individual members need to engage in spiritual practices that attend to God s will and direction. Team members need to hold one another accountable to decisions and actions that fulfill the mission and vision of the church.
Breakout Rooms What is your church s Finance committee doing well? Where are there challenges? As a group decide on one challenge to bring back to the full group. 10 minutes
Budget Planning Start Early!! Mission and Vision Income Expenses
Income Before you can allocate your funds, you need to have a good handle on your church s spending and how it comes in. What months or services tend to have the most extensive offerings? What are your leanest months? Offerings Donations
Expenses To say that budgeting is keeping track of the money coming in and the money going out seems glaringly apparent. But it s that simple. The truth is that your budget is only going to be as good as your financial awareness. The longer you keep track of the money coming in and out, the easier creating accurate budgets will
Breakout Rooms What are your congregation s ministry priorities? Are those priorities evidenced in your budget? 15 minutes
