The church has always been known as place of worship; however, this place of worship does not run on its own but rather requires money to keep it going. Due to poor management, there have been various incidences where churches finances have been mismanaged which consequently raise doubts on the reliability of these institutions. In order to avoid such mistakes in church financing, there are some things one ought to keep in mind for a smooth running of this institution.
To begin with, most of them have no vision when it comes to the management of the church which is a mistake that cripples everything. There ought to be a vision in order to have a mission and therefore these institutions ought to be run like a business at least in the financial aspect. This means there should be a financial plan entailing expenditures and ways of generating income.
Also in this regard, a financial plan should go into specific details on the expenses to be incurred on the running projects and the source of revenue. Given the projects that most churches tend to take up, depending solely on offerings is unrealistic and therefore other sources of their revenue should be created for the success of these projects.
Many churches are usually afraid of asking for financial help from the congregation because many people interpret this as an institution that is only interested in money. This is because there have been so many churches opening for the sole purpose of making an income. Members are therefore required to be more open minded and be willing to contribute money to help the development of their church.
In regards to asking for contributions, the management should at least reveal the plans that the money contributed is meant for and with time reveal the progress made which should be evident; a thing that most churches fail to do. As a result, the congregation loses the giving morale and start giving in to the theories that churches are meant to fleece them which is a mistake that should be avoided at all cost.
Moreover, even with people being willing to give, it is unfair to keep them contributing every time; instead, they should contribute in buying things that are needed and in making necessary developments. Otherwise, there might be a breach of trust and as a result people will slowly lose their motivation to the initial visions they made and agreed upon.
Just like in running other businesses, churches tend to also make the mistake of getting themselves deep in debt in the name of wanting to make development in order to keep up with the ever advancing world especially technology-wise. With this, all contributions made only end up in settling these debts which stagnants developments.
The purpose of the board of management is to ensure that these finances are handled much financial intellect and therefore member of this board ought to be qualified in this field in order to keep track of expenditure and the flow of these finances in order to avoid mismanagement.
To begin with, most of them have no vision when it comes to the management of the church which is a mistake that cripples everything. There ought to be a vision in order to have a mission and therefore these institutions ought to be run like a business at least in the financial aspect. This means there should be a financial plan entailing expenditures and ways of generating income.
Also in this regard, a financial plan should go into specific details on the expenses to be incurred on the running projects and the source of revenue. Given the projects that most churches tend to take up, depending solely on offerings is unrealistic and therefore other sources of their revenue should be created for the success of these projects.
Many churches are usually afraid of asking for financial help from the congregation because many people interpret this as an institution that is only interested in money. This is because there have been so many churches opening for the sole purpose of making an income. Members are therefore required to be more open minded and be willing to contribute money to help the development of their church.
In regards to asking for contributions, the management should at least reveal the plans that the money contributed is meant for and with time reveal the progress made which should be evident; a thing that most churches fail to do. As a result, the congregation loses the giving morale and start giving in to the theories that churches are meant to fleece them which is a mistake that should be avoided at all cost.
Moreover, even with people being willing to give, it is unfair to keep them contributing every time; instead, they should contribute in buying things that are needed and in making necessary developments. Otherwise, there might be a breach of trust and as a result people will slowly lose their motivation to the initial visions they made and agreed upon.
Just like in running other businesses, churches tend to also make the mistake of getting themselves deep in debt in the name of wanting to make development in order to keep up with the ever advancing world especially technology-wise. With this, all contributions made only end up in settling these debts which stagnants developments.
The purpose of the board of management is to ensure that these finances are handled much financial intellect and therefore member of this board ought to be qualified in this field in order to keep track of expenditure and the flow of these finances in order to avoid mismanagement.
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