Money Troubles

offeringRemember that it is not money that is the root of all evil. That’s not what the text says. It is the love of money that is the root of evil. For me this means that our congregations are charged with handling financial matters with competency and integrity.  

Such a goal leads to many tasks. In most congregations, this means developing an effective budget process and a way to monitor your budget. It means that you want sufficient internal controls so that you can demonstrate that the funds are handled responsibly. Your financial leaders will want to develop tools that communicate clearly the sometimes complicated information about congregation finances.  

Money troubles, the day-to-day challenge of good accounting practices, can be transformed into opportunities to demonstrate reliability and transparency to donors. As congregational leaders manage financial tasks with honor and reliability, the good work is contagious. Other programs and operational tasks reflect the positive financial systems being demonstrated. That is, other operational tasks from committee functioning to building maintenance improve. And, often requests for additional funds are met with more enthusiasm because congregants have confidence in the way financial procedures are managed.

Good financial practices are the root of much good. Money troubles become money possibilities.  

If strengthening your practices of congregational finances is important to you, I highly recommend the upcoming Center workshop Essentials of Congregational Finances led by Vonna Laue.

Also, I recommend these two resources noted on the Congregational Resource Guide (the CRG).

I find this volume by Nimi Wariboko particularly robust given it includes ethical reflections and practical advice:
http://thecrg.org/resources/accounting-and-money-for-ministerial-leadership-key-practical-and-theological-insights

Also, this is a blog I wrote on faith and money: http://blog.thecrg.org/faith-and-money/.

Best to you as your congregation employs the best financial practices.  

 

Tim Shapiro
President