Week Two
Making a Budget
I am doing my practicum at New Life Community Church (NLCC) in Noblesville, IN. The lead Pastor at NLCC is John Klotz. I had a meeting with him on January 19, 2009 at 10:30 A.M. to talk about how NLCC makes their budget. This is only the second year that Pastor Klotz has been at NLCC and he has only been there to help make one of the Church's budgets.
Here is the process that Pastor Klotz told me he used to make the budget.
1. Look at last year's giving – there are records of this
2. Look at the last year's budget – find and look at last year's budget
3. Try to figure out what you expect to bring in this for this year's budget
- There is a lot of guessing and estimating here…based off of last year's giving
4. Find out if there are any big changes you expect in giving
- Have any families moved away?
- Are there new families in the Church?
5. Look at the spending trends of different ministries from the past year
6. Determine if any part of the Church needs less or more funds based on spending trends
7. Get together with the treasurer and have them also do steps 1-6 and then use the two budgets to come to one final rough draft
8. Meet with the other leaders of the Church to discuss the budget and have them ask questions or propose changes
- Make any necessary changes or corrections during this time
9. Present the budget at the annual business meeting in November
10. Have a time for people to ask more questions and propose other changes
11. Make any necessary corrections or changes
12. Take a vote at the annual business meeting in November to approve the budget
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