Failure of budget to be approved

What happens if the church votes down the proposed budget, and a revised one can't be approved before the start of the new financial year?

Do you operate under the "old" budget or must every expenditure be approved by the membership item by item before payment or what?

Comments for Failure of budget to be approved

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Adjust Budget During Meeting
by: Anonymous

If a proposed budget isn't accepted, recommendations to change budget should be made and after approval the budget should be accept with those changes. If the proposed budget needs excessive changes for approval, the membership should vote on how to proceed with operations in the interim, and a second special meeting should be called to approve the revised budget.

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