I am building a business plan for a new work in Oregon. My question is how to setup a budget for the first year with projections out to 5 years.
I will be doing everything out of pocket until I can draw sufficient donations to sustain the church.
Aside from hall rental or lease costs, initial corporation filing charges, insurance, etc., what are the major expenses.
Perhaps some of your other readers have insights. Any good ideas appreciated. Any idea is good enough to lead to my answer.
The biggest expense for most churches is salaries. Salaries usually account for over 50 percent of a budget. You may not have that expense in the beginning but will probably need that line item pretty quick in that time line.
You might want to look at some sample budgets to give you some ideas of church budget line items.