How much should the church hold in reserve?
by Pastor Greg
I am the pastor of a small church. Our annual expenses are $60,000. We have no debt. We have a reserve fund of $74,000. So we have a reserve that is well over 100% of our annual expenses. This money is viewed as sacred by some of the people-a very vocal minority.
What can I tell my people is a reasonable amount to be held in reserve as a percentage or number of months expenses?