What Are the Goals of Financial Management?
The changing financial environment is prompting those who manage the financial resources of ministries to clarify the primary goals of their work. One who has given this issue considerable thought is Paul Clark, executive pastor of Fairhaven Church in Centerville, Ohio. The following short list of goals, from his blog, “Where church vision meets organizational reality,” gives any ministry financial decision maker... [read more]
Cash Recycling: Utilizing Cash Donations without Compromising Deposit Integrity
Does your ministry struggle with determining how much cash to keep on hand? Cash recycling offers a way to ensure you have enough cash while reducing the risks and time associated with unnecessarily transporting it to and from the bank, all while ensuring that your ministry’s commitment to financial integrity is upheld. As a financial... [read more]
When to Finance or Not
The attendance is climbing and the membership is growing. Each Sunday you notice there are fewer empty seats. With three services already in place, you wonder how many more people you can accommodate without having to move or build? It’s a good problem to have, but it means you’ll likely have to consider financing to expand ... [read more]
When to Build or Not.
You have a good problem—your church attendance is growing and you’re busting at the seams. Having found a great location in the heart of your community, your church has purchased some nice land. Suddenly you’re faced with “the building project.” Once your heart stops... [read more]
Renting Versus Buying Your Church's Facility
God called you to plant a new church, and you’ve followed his calling. For the last year (or two years or five years), you’ve been renting adequate facilities to meet your congregation’s needs. You have... [read more]
Best Practices Are Not Always Obvious in Ministry
“As a ministry leader, what does God want from me as I make decisions in financial matters?” It’s a seemingly simple question, but not always easy to answer. In consulting with hundreds of churches across... [read more]