Let’s talk finance and having a plan. Creating a financial plan for your church during this season raises many questions for pastors. Church leaders need to embrace this critical step as they lead during uncertain times.
- Do best-case, expected-case, and worst-case scenario planning
- Use any current-year cash surpluses first
- Consider receiving funding from the CARES Act
- Cut every unneeded budget line item to zero
- Avoid dipping into a line of credit if at all possible
- Expect and plan for a recession after the pandemic ends
- Being a good steward and neighbor may mean keeping as many employed as possible
Resources mentioned in today’s podcast:
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