Jump directly to the content

Q&A: How Do We Budget During This Time of Rapid Change and Uncertainty?

First step: stop focusing on your annual budget.

Q&A: How Do We Budget During This Time of Rapid Change and Uncertainty?
Image: Klaus Vedfelt | Getty Images

Our church has always tried so hard to stick to our budget, but the current crisis makes it impossible to do so. What do we do about budgeting in this time of rapid change and uncertainty? What are some strategies for preserving cash, if that’s one of the things we should be doing?

Here’s some fairly radical advice as it relates to budgeting—radical in the sense that this is not conventional church financial management wisdom: Stop focusing on your regular annual budget. For churches experiencing rapid changes in their giving levels, the annual budget developed months ago is largely irrelevant.

I realize that as a matter of church governance and policy, you might have to have a budget. But what you planned when you developed that budget is no longer reality. Your spending levels and spending categories most likely have changed. Your revenue levels may be very different. So, ...

Join now to access this member-only content

Become a Member

Already a member? for full access.

Related Topics:
Posted:
  • June 29, 2020

Related ResourcesVisit Store

2021 Church & Clergy Tax Guide (PDF)
2021 Church & Clergy Tax Guide (PDF)
The most comprehensive and authoritative tax guide available.
2021 Church & Clergy Tax Guide (Book)
2021 Church & Clergy Tax Guide (Book)
The most comprehensive and authoritative tax guide available.
2020 Charitable Contribution Bundle
2020 Charitable Contribution Bundle
Implement processes designed to stimulate and nurture benevolence in your church.
Talking to Your Congregation About Money
Talking to Your Congregation About Money
Helpful insights on talking about money and encouraging people to become generous givers.