Cash Reserves: Why you need them. How to build them.
In recent years ministries have learned the importance of cash reserves—having funds available when you need them. Without adequate reserves, the pursuit of your ministry’s mission may be in jeopardy. This free webinar recording can help by looking at why reserves are so important and introducing you to a process for calculating an adequate cash reserves target for your ministry. You’ll also have access to a broad range of additional resources to help you build reserves.
Here’s what you can expect to learn by watching this webinar:
- What constitutes reserves and why they’re so important for every ministry
- About the process a ministry goes through to set a cash reserves target
- About the struggles and benefits ministries have experienced as they worked to achieve their cash reserve goals
- How an ECCU member ministry builds and manages cash reserves