by John Lusk
(West Hills, CA)
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.
Readers: Please click on the comment link below and share your insight an ideas on building a five year budget for a new ministry.
Click here to post comments
Join in and write your own page! It's easy to do. How? Simply click here to return to Church Accounting FAQs.
Need training on how to use QBO or Aplos effectively for a church or better yet ...need an expert in either of those accounting software to do your monthly bookkeeping and/or payroll? See more on our accounting services!