Budget & Forecasting Committee

(Non paying position)

The Budgeting and Forecasting Committee is a sub-committee under the Finance Committee assisting the Church Treasurer in establishing the budget based on giving projections and allocates dollars to individual ministries & departments. The leaders of those ministries and departments are then responsible for creating budget estimates based on the church's strategy and goals.

1. Giving Projections

It’s difficult to budget without having a realistic idea of how much money will be available. This team takes a realistic approach to projecting incoming resources by analyzing historical giving, attendance patterns, and average member donations.

2. Creating A Budget

The church finance team assists in establishing the budget based on giving projections and allocates dollars to individual ministries & departments. The leaders of those ministries and departments are then responsible for creating budget estimates based on the church’s strategy and goals.

3. Budget Review

Monitor the budget monthly by reviewing the dollars that came in, the dollars that went out, and analyzing any variances.

Quarterly or Midyear adjustments may be made to the budget when projections fall short or unexpected expenses arise.