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Some Churches Keep Their Budgets Rolling

Navigating unexpected ups and downs with an alternative budget.

Some Churches Keep Their Budgets Rolling

American churches tend to operate with the mindset that budgeting is a formal, annual process that must be performed in a manner and time frame that aligns with the church's fiscal year. In reality, there is no legal requirement for such a formal or annual process.*

Fluid, dynamic alternatives

With improved technologies and availability of more timely financial information on a regular basis, churches are able to monitor and forecast activities and costs on a more dynamic basis than has been the case in the past. As a result, some churches have adopted alternatives to (either as a supplement or in lieu of) the formal, annual budgeting process that are more fluid and dynamic. Such an approach allows church leaders to adapt on an ongoing basis to changing expectations regarding revenues and other dynamic developments.

A more dynamic budgeting or forecasting process is likely essential for ...

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Michael (Mike) E. Batts is a CPA and the managing partner of Batts Morrison Wales & Lee, P.A., an accounting firm dedicated exclusively to serving nonprofit organizations across the United States.

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Posted:
  • May 22, 2017

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