One of many lessons ministries have learned in recent years is the importance of cash reserves—having funds available when you need them. Without adequate reserves, the pursuit of your ministry’s mission may be in jeopardy.
One source of good guidance about cash reserves for your ministry will be at the 2012 Christian Leadership Alliance (CLA) National Conference in Orlando, Florida. The conference runs from April 10 to 12. ECCU Ministry Development Officer David Lee and Senior Banking Consultant Mark Jones will present a workshop titled Cash Reserves: Why you need them. How to build them.
Between them, David and Mark have been serving ministries at ECCU for more than 40 years. Here’s what you can expect to learn from their session:
- What constitutes reserves and why they’re so important for every ministry
- About the process a ministry goes through to set a cash reserves target
- About the struggles and benefits ministries have experienced as they worked to achieve their cash reserve goals
If you attend the CLA National Conference this year, plan on joining David and Mark for this session on Wednesday, April 11, from 8:00 to 9:30 a.m.
To register for the CLA conference, visit www.claconference.org.