The Church Budgeting basics series provides the basic steps to demystify an essential part of operating the church - the budget. Lesson 103 covered how to project upcoming annual expenses. While lesson 103 provided steps to project ongoing costs, it also covered how to estimate costs for the new …
Search Results for: church budget compensation
How to Project Total Compensation for a Church Budget
When calculating compensation for the church budget, it is vital to be as accurate as possible. After all, compensation typically makes up between 45%-55% of the entire church budget. That is why when determining compensation for employees, understanding the laws is critically important. Churches …
Church Budget Categories – Compensation
As an Executive Pastor with over 15 years of experience creating church budgets, I know determining compensation can be controversial, confusing, and contentious. Issues arise like how much of the overall budget should go to compensation. Or understanding what a housing allowance is. Even deciding …
How Much Should the Church Budget Dedicated to Compensation?
If you are putting your church budget together, it is safe to say you are wrestling with the problems associated with compensation. Challenges like avoiding wage stagnation, providing benefits (an ever-increasing piece of the budget), and finding funds to add new staff. On top of all that, …
Fundamentals to Creating an Effective Church Budget
My Dad worked for Titleist Golf for over 25 years and spent much of his time grinding irons for tour pros. He would watch them swing, listen to their feedback, and then make their clubs work perfectly for them. As you can imagine, spending all this time around golf pros, he developed a pretty good …
Top Three Church Budget Failures
Our church recently met with the vice president of the bank, who holds the note for the church's loan. He's a new VP at the bank and wanted to see our facility and have an opportunity to meet us face-to-face. Since it's been almost five years since the last rate reset, it was the perfect time to …