When it comes to churches, it is important to know how much they need in order for them to operate in the manner in which they need to do so. That is why those who are in charge of their finances must know how to make a church budget. This article will provide you with information on how you are able to properly make one.
5 Steps for Creating a Church Budget
Step 1: Understand Why You Need the Budget
Before you start doing anything, the first thing that you are going to have to do is to know the reason as to why you have to make the church budget. Is it for you to meet a particular goal? Or perhaps it is there to ensure that the church continues its tasks and activities? Know what it is so that you’ll have a good idea on how to go around in making the budget.
Step 2: Be Aware of the Income
Now you will have to make a list of all the income that your church receives. This can come from anywhere such as donations, offerings, facility rentals, investments, etc. You will want to consider all of the different sources as this will factor in how you are going to set your budget goals. Be sure not to miss out on any as missing even one could potentially affect your budgeting decisions.
Step 3: Audit Income Sources
When you have made a list of all the income your church is expected to receive, the next thing to do is for you to look at which of them are regular and irregular. While there are some sources that will definitely bring in income within an expected period of time, there are those that may or may not present you with any even after when their expected date falls.
Step 4: Look Into the Expenses
Once you’re done with all of the income, then the next thing to point out would be the total amount of expenses. This is where you will need to look into expense reports from previous years so that you will have an idea as to what to include in your current budget document. Take note of important expenses that have to be included such as staff payment, debts, facility maintenance, etc.
Step 5: Audit Your Entire Budget
Now that you have a list of your estimated expenses and revenue, then here is where you will need to see which one goes above the other. Should you see that the income is higher, you will need to consider what should be done with the extra amount. If it’s the other way around, then you will need to consider what expenses can be cut or what other sources of income there is that you can include into the budget.
7+ Sample Church Budget Templates
1. Church Budget Worksheet Template
When making a budget for a church or church-related goals, you will want something that will help keep that budget in check. With this worksheet template, you can create a document that will provide with exactly the type of help that you need.
2. Small Church Budget Template
In the event that you have to make a budget for the goals and actions of a small church, then this is the template for you. All you have to do is to download the template, edit it with the appropriate program, and then place in whatever information you need it to have to become an effective budget document.
3. Free Church Budget Template
If you are looking for a free template that can help you make a budget document for church-related purposes, then this is the one for you. Be sure to use programs such as Microsoft Word or Microsoft Excel to open and edit the template. And lastly, put in the information it needs in order for it to be a useful and effective budget document.
4. Church Budget Planning Worksheet Template
Let’s say that you have managed to plan out the budget for a church and its goals and you want to put all of it into writing. That is when you are going to need a worksheet to contain all of that information and this template will allow you to properly create one.
5. Church Budget Example Template
If you are planning to make a church budget document, then this is the template that you will want to download. You can choose to use it as a reference for making your own church budget or you can simply edit it to become what you need with the use of the appropriate program.
6. Simple Church Budget Template
Sometimes it is best that you keep things as simple as possible when pointing out information, especially when it comes to budgeting. If you wish to make a church budget that is easy for anyone to understand, then you may choose to download and use this template.
7. Sample Church Budget Template
When the time comes that you have to create a church budget, then be sure to download this template. Should you decide to make use of this template, take note that you will want to use programs such as Microsoft Excel if you wish to open and edit it.
8. Church Budget Report Template
Let’s say that you are the person who is tasked with coming up with a report that contains information on a church’s budget. With the help of this report template, you should be able to make a document where you can outline everything from what expenses were made to their total amount.