Creating a Financial Plan for Your Church During the Outbreak

Episode #637
May 1, 2020
Rainer on Leadership Podcast Logo

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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