Friday 25 January 2013

The Golden Rules For Church Financial Management

By Carlene Tibbetts


Misuse of public funds is enough to get the community complaining to the Staten Island Church. The worst case scenario could probably be the mismanagement of funds by a religious body. This should be remedied by proper management in the financial aspect which should help the people who are affected by it. No other person should benefit the money except the needy and the poor to whom the religious body is serving.

In order to manage and settle the money effectively, the religious community should develop a plan which will be a systematized version of the allocation of the money from one person to another. This has an aspect in many operations of the religious community. Policies should then be made and implemented.

The church will usually need someone to guide them along the way. These people should give ethical decisions that people will notice. One may study the policies and the plans that are to be implemented. Policies in these aspect should be followed and maintained by the people who deal with it.

Budgeting is setting aside money for future expenses that they have to make. Proper budgeting is the key in maintaining the integrity and the faster movement of action. A meeting should be held with the council members of the community to decide where to appropriate the money. It should be done to make these things.

There should be a budget that will be set on a quarterly basis which will be easier for the institution to manage the funds that are around. Creating chart accounts may be the best way to make the analysis of the budget easier than what was intended by the people. It would be easier for the person to get a lot of things in the area.

It is important to let the members have a say in the fiscal aspect of the spiritual venue. Although the money has been willingly donated to the organization, it is still their money and the purpose with which they donated such is in line with the goals and the mission of he body. However, should the money be spent on other activities outside of the core purpose, it can be considered illegal.

They should list the help of a commercial bank to look up at these areas. There are many people who need to ensure of the things that people can get. There are a few things that can be made to the people in the area.

The importance of this is to make it seem to the people that they are in control of their fiances and other things that might bother them from the beginning. The Staten Island church should implement these rules at all times to ensure smooth leadership and management.




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