'Tis 2 months before CHRISTmas ...
6:48am - 06/Oct/2019

‘Tis 2 months before CHRISTmas ….”

Yes. Only two months before CHRISTmas, and all through the church, not a church member was stirring, not even the church mouse. Maybe it’s because the church leaders are busy in the backroom, working on something.

In a couple months, we will celebrate the official incarnation date of our LORD and Saviour, Jesus the CHRIST. Meanwhile, as CHRISTmas draws nigh, many of our churches are planning for the following year (2020). This includes the “annual budget” exercise.

Further to my post, I would like to share an update for your consideration as your churches carry out your budget exercise for the next fiscal year (2020). As we proceed with foresight for a vision in the future, we can gain insight by reviewing and reflecting with 20/20 hindsight on the past and learn from it. It has been asserted that “those who do not learn from the past are doomed to repeat it.” Some have also promulgated the aphorism: “Insanity is doing something over and over again and expecting a different result.”

Therefore, as a follow-up to my blogpost To Budget or Not to Budget, that is not the question! from last year, I have enhanced the XL workbook to include a few worksheets (e.g., in the Expenditures mapped to T3010 tab). [Click here to download a sample opex budget template.] This sample budget workbook not only provides a template to prepare church budgets but also facilitates reporting to the Canada Revenue Agency (i.e., T3010, Schedule 6). This should assist some church treasurers and boards to prepare their annual information returns properly.

I have mapped the opex budget items to the T3010 expenditure allocations, based on my understanding of what would be construed as charitable vs. not charitable. Note that it is important to know the specific charitable objects of your church, i.e., the stated charitable purposes (the ends) and the charitable activities (the means) to support the pursuit of the purposes which were approved by the CRA’s Charities Directorate for your charity. Refer to the CCCC’s recent webinarReviewing Your Charitable Purposes and Activities.”

From my previous post, remember the LORD’s admonition in Luke 14:28—30. If we lack wisdom, we need to ask God (James 1:5). Budgeting is an act of faith to step into the future based on a vision that we have yet to see in actuality (Hebrews 11:1). Moreover, whereas “failing to plan is planning to fail,” it is critical that we commit our plans to the LORD who establishes our plans (Proverbs 16:3) and establishes our steps (Proverbs 16:9), for it is the LORD’s purpose that prevails (Proverbs 19:21). In addition to the Biblical guidance, check out the following planning and budgeting resources for your reference and review:

·         Canadian Council of Christian Charities

o   Budgeting and Faith” Are They Compatible?

o   Making the Budgeting Process More Organized, Effective and Efficient

o   Chapter 27: Budgeting (CCCC Charities Handbook)

o   Help, I’m a Church Treasurer!

·         SMART Church Management

o   2020 Church Planning – 7 Things to Talk About

o   Church Strategic Planning In 4 Easy Steps!

o   5 Ways to Demonstrate Church Stewardship

o   6 Reasons to Develop a Church Budget

o   11 Church Finance Committee Duties And Responsibilities

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