FREE 6+ Annual Church Budget Samples in MS Word | Google Docs | Google Sheets | MS Excel | Apple Pages | PDF

6+ Annual Church Budget Samples

Every church or faith-based group needs to deal with costs. People trust church leaders to spend their money properly when they tithe and contribute. You’ll need well-defined rules and internal procedures in place to ensure outstanding church financial management. Financial fraud may be considerably reduced and church finances can be used more wisely if certain measures are followed. To properly allocate and manage your expenses of your church, you need a budget plan. Need some help with this? You’ve come to the right place! In this article, we provide you with free and ready-to-use samples of Annual Church Budgets in PDF and DOC formats that you could use for your institution to keep your finances in check. Keep on reading to find out more!

1. Annual Church Budget Template

2. Annual Church Budget Worksheet

3. Sample Annual Church Budget

4. Annual Church Budget Request Form

5. Editable Annual Church Budget

6. Baptist Church Annual Budget

7. Annual Planning Church Budget

What Is an Annual Church Budget?

A church budget serves as a road map to make budgeting easier. Many churches embrace a “use it or lose it” approach to money, believing that God would give more when it is required. While it is necessary to rely on God’s blessings, we must also make an effort to plan ahead on our own. Fund accounting, which focuses on responsibility rather than profit, is used by churches to manage their finances. Budgeting is still necessary, but with a somewhat different focus than when planning for a typical firm.

An annual budget is a 12-month financial plan given to a bank or board of directors for the organization’s fiscal year.

How to Make an Annual Church Budget?

Although the church’s budget remains constant throughout the year, you must respond to concerns about why actual results differ from those projected. An Annual Church Budget Template e can help provide you with the framework you need to ensure that you have a well-prepared and robust budget on hand. To do so, you can choose one of our excellent templates listed above. If you want to write it yourself, follow these steps below to guide you:

1. Begin with your income.

Begin by obtaining your income from the previous year—or the previous two years, if that information is available. Do you see an increasing or negative trend if you look over numerous years? If it’s going up, how much is it going up by? Is it 5%, 10%, or 20%? This will affect how you establish your budget objectives.

2. Sort your sources of income into categories.

Remember to take into account all sources of income while reviewing previous earnings. This might come from a variety of sources, including gifts, offerings, trust funds, investments, and dues.

3. Calculate your expected earnings.

It’s time to establish a predicted income from each source and a total for the year after you’ve reviewed all of your sources of income and analyzed your trending revenue over the prior several years.

4. Putting money aside for a raise.

If your revenue has been increasing over the previous few years, expect it to continue to rise. If the trend is 15%, have a discussion with your team about planning for at least a 20% rise. Your budget must be a document of trust. Set it just outside of your reach so that your people have something to unite behind and God has room to move.

FAQ

Take these measures to guarantee your congregation’s tithes and offerings are spent wisely and with honesty. Maintaining your congregation’s and community’s trust is crucial to your ministry’s success. To help you get started, download our easily customizable and comprehensive samples of Annual Church Budgets today!