Question 5 - Finances

At what point did you determine a budget was needed? How did you raise the initial funds? How are salaries determined? Who handles accounting and payroll?

  • Lead pastor raised support 1/3 from core group of 20 or so, 1/3 from outside friends and family, 1/3 from other churches (1)
  • Key expenses: rent, contribution to Anglican mission, salary for lead pastor (1)
  • Wife of the pastor is the bookkeeper, treasurer was on the leadership team, monthly trustee meetings (1)
  • Trustees created a promissory note that each year $3,000 accruing for pension fund (1)
  • Clergy nothing to do with finances, lay person is a treasurer who keeps track of weekly collections, no costs other than advertising and rent (2)
  • Good stewardship: pastor raised money from friends and family initially and Sunday giving was put into a savings account (4)
  • Breakdown of costs: 5% to local mission team, 10% to AmiA, 25% to occupancy costs, 50% salaries (including health insurance and retirement contribution), 10% for operations (bulletins, communion, men’s and women’s ministry) (4)
  • Had staggered funds from the ECUSA diocese and started a finance team early on in the process of planting (6)
  • Did not feel financially stable until around 200 in attendance regularly (6)
  • While incubating in preexisting church, tithed to the church plant (7)
  • From the beginning, 5% to local outreach, 10% to AMIA, 1% to leadership development; second year increased local to 10% (7)
  • Rector raises about 90% of support; initially, AMIA covered expenses for 3 months to bridge the transition to church planting (8)

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