Importance of a Church Budget

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IMPORTANCE OF BUDGET
A budget is an action plan for the ministry and therefore a very important part of your church's overall financial health. A budget is a tool that assists the P.C.C in assessing parish operations and thus helps in sound decision making. The budget making process is a mean to serve as a communication tool and a means to coordinate all activities to achieve the church’s goals and objectives. Budget allows the goal reaching in finances as well as establishment of a solid footing for the parish. A budget shows whether the church is making finances or not. This helps the church to keep balance economically. It reveals truth long range goals and indicates where the actual emphasis of the church mission lies. It shows the distribution of massiveness mission funds to be used in all departments in the church and its work. It enables one to work effectively and efficiently. Helps in design a calendar of events for the next 12 months that reflects on the church's mission statement and the initiatives that the congregation is most passionate about. Allow for only one major event a month, eliminating or amending other activities that may distract. Assessing the potential local, global and spiritual impact each event could create. Ensures that there is a clear understanding of how money should be spent and an assurance that money is being spent appropriately A critical part of having realistic expectations and a viable master plan is to have a good financial analysis of the church to determine what the church can afford. Any building project, whether large or small, is a large stretch of faith. There are specialized firms that help churches figure out their financial capabilities. The church needs to establish a total project budget that includes not just the building, but also acquisition costs, consultant costs, permitting costs, furniture, move-in costs, and other expenses. A budget prepares us to be good stewards of the money that God has entrusted...
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