Improving Cash Flow for Churches: Supplemental Handout
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This 3-step guide outlines how to improve cash flow for a ministry. Step 1 is to evaluate current cash position and processes by organizing data, acquiring knowledge, and communicating information. Step 2 is to decide how cash will be spent by collecting information, prioritizing proposals, communicating decisions, and commissioning leaders. Step 3 is to create future opportunities, such as exploring options like calling vendors, buying in bulk, and double checking bills, as well as encouraging giving through sharing information sensitively, telling stories, and saying thank you.
Improving Cash Flow for Churches: Supplemental Handout
- 1. Money & Ministry 3 Steps to Improving Cash Flow IntroductionWho? What? 1. Evaluate current cash position & processes. (1) Organize Data (2) Acquire Knowledge (3) Communicate Info 2. Decide what cash will (and therefore, will not) be spent on. (1) Collect Info (2) Prioritize Proposals (3) Communicate Decisions (4) Commission Leaders 3. Create future opportunities (CFO). (1) Explore Options (Call vendors. Buy in bulk. Double check bills.) (2) Encourage Giving Information: Sharing & Sensitivity. Inspiration: Stories. Say Thank You. Spirit-led Situations. ConclusionSo what? Now what? Tim Samuel, CFO @TimSamuelCFO Dave Michener, XP @DaveMichenerJrBridgeway Community Church Columbia, MD www.bridgewayonline.org