It’s easy to understand why ministries believe they are less likely to become a victim of a financial crime. This is because of the great trust they have for their staff. And while that trust may have been earned or even warranted because of their common Christian bond, internal controls are still necessary. Proper controls don’t say “We don’t trust you.” Instead, they say, “We want to protect you.” Not only do they remove the opportunity for any misappropriation of funds, they also catch errors and protect staff from innuendo and false accusation if a loss is incurred. [read more]
How do you decide if an event is worth your time? I usually start by asking people who’ve attended before. Since ECCU’s 2011 Financial Forum for Ministries is happening soon, I thought I’d save you some time by interviewing an alumnus.
Jim Clark is the associate pastor of business and stewardship at the First Evangelical Free Church in Fullerton, California. Here’s our conversation about the upcoming Forum. [read more]
I’ve blogged in the past about the tension that can develop between people who hold differing views about how to manage ministry finances. The topic can spark passionate discussion. It can also spark thoughtful guidance from ministry leaders like Henry Morris III, chief executive officer with the Institute for Creation Research. [read more]
Does your budget accurately reflect your ministry’s vision? Are you using that budget effectively?
God provides the financial resources to pursue your ministry’s vision. Your budget should guide the investment of those funds in ministry. To help ensure that your ministry’s budget serves this important role, ECCU is hosting a webinar entitled How to Build and Use a Better Budget. [read more]