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HOW TO BUILD A MINISTRY BUDGET

HOW TO BUILD A MINISTRY BUDGET. WHAT IS A BUDGET. A budget is a guideline to compare income to expenditures and to pace yourself through the fiscal year. WHEN TO DO A BUDGET. At the beginning of your fiscal year According to your guiding documents

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HOW TO BUILD A MINISTRY BUDGET

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  1. HOW TO BUILD A MINISTRY BUDGET

  2. WHAT IS A BUDGET • A budget is a guideline to compare income to expenditures and to pace yourself through the fiscal year.

  3. WHEN TO DO A BUDGET • At the beginning of your fiscal year • According to your guiding documents • At a time convenient to your church’s calendar

  4. WHO SHOULD DO A BUDGET • A committee should lead the way • All church leaders who expend church funds should have input & ownership • All church members should be involved in discussion and vote

  5. ESTABLISH A TIME LINE • Establish a calendar • Allow enough time • Develop a communication plan • Develop a resource list • Assign responsibilities

  6. DETERMINE WHERE MONEY COMES FROM • Study previous 12 months of income • Create a list of the ways money comes in

  7. CALCULATE A BUDGET GOAL • Determine pathway of money • Decide % of each pathway • Decipher a per capita amount • Ask for people goals • Compute the projected budget

  8. GATHER INPUT • Determine ministries, groups, organizations that will require budget • Give them general guidelines • Start from a zero level

  9. ORGANIZE THE BUDGET • Create descriptive sections • Missions Section • Ministry Section • Personnel Section

  10. www.lbc.orgMinistry AreasStewardship

  11. MINISTER’S COMPENSATION STUDY

  12. ORGANIZE THE BUDGET • Create descriptive sections • Missions Section • Ministry Section • Personnel Section • Administrative Section • Maintenance Section

  13. ORGANIZE THE BUDGET • Place requests in proper sections • Examine requests compared to goal • Return budgets to ministry leaders • Receive final requests • Compute the budget

  14. CONDUCT A BUDGET BANQUET • Show the ministry side not money side • Have an enjoyable evening • Celebrate what God is doing

  15. CONDUCT COMMITMENT DAYS • Provide a time for leadership • Provide a time for church members & families • Make it fun • Let them know the results

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