Financial Ministry Principles For Today's Challenging Culture, That Can Reduce Financial Risks
1. The ideal financial budget anchors that can build a growing ministry which is sustainable over time. Developing a balanced financial plan is critical with these in mind.
- Ministry programs 30%
- Salaries 30% or less
- Debt service 30% or less
- Daily operations 10%
2. A ministry missing financial balance functions much like a vehicle with a flat tire. A ministry missing financial balance will find it difficult to sustain its mission principles over time unless its flat is fixed. Flat tires develop very naturally as a ministry find it necessary to pull funds from one key area to maintain the growing demands of another.