Articles on Finance

Offerings. Tithes. Stewardship. Generosity. Giving. Sacrifice. Finance. There are many words that we use to describe the money that is received by the church for ministry use. There are also many facets to the Finance Department as they aid ministries by organizing the necessary funds.

Upcoming Webinar: Preventing Sexual Abuse in Your Church

August 15th, 2019|Comments Off on Upcoming Webinar: Preventing Sexual Abuse in Your Church

Upcoming on September 4--Sex abuse claims remain the top reason churches go to court each year. Fletch interviews Matthew Branaugh, editor for Christianity Today’s ChurchLawAndTax.com, about this troubling ongoing trend in the church. What [...]

Top 10 Reasons Church Loans are Declined

August 15th, 2019|Comments Off on Top 10 Reasons Church Loans are Declined

Join Fletch and leaders from Thrivent for an insider’s look into church loans. Both Chris Lewis and Teresa Loker have extensive experience that can pull back the curtain on these issues. When your church is [...]

Digital Giving Trends

August 15th, 2019|Comments Off on Digital Giving Trends

Fletch and Troy Pollock began an intriguing discussion at the 2019 XP-Seminar. Back by popular demand, this "state of digital giving" continues that discussion. From his vantage point of working with thousands of churches around [...]

Successful Church Project Planning

August 15th, 2019|Comments Off on Successful Church Project Planning

Getting a church loan is an area that most church leaders find murky and complicated. Chris Lewis from Thrivent has expertise from his years of helping churches with their borrowing capacity. The video ranges from [...]

First Person Report on an Internal Control Audit

August 5th, 2019|Comments Off on First Person Report on an Internal Control Audit

This article is by a student in XPastor's Course MS-203, XP Boot Camp. To preserve confidentiality, the author will be listed as anonymous. One of the assignments for those taking the class for certification was: [...]

Borrowing Designated (Restricted) Gift Balances

May 14th, 2019|Comments Off on Borrowing Designated (Restricted) Gift Balances

Tuesday, May 14, 2019 Hey Fletch … Our finances have trended downward and we borrowed $20,000 from the unused balances of restricted funds. This caused some controversy on the church board. What is your counsel? [...]

Numbers Based on Operating Budget or Total Revenue

May 7th, 2019|Comments Off on Numbers Based on Operating Budget or Total Revenue

Tuesday, May 7, 2019 Hey Fletch … Do you have benchmark data that documents total compensation as a percent of total revenue (restricted and unrestricted), not just of the operating budget? I know over the [...]

How Can We Do a ‘Love Offering’

May 6th, 2019|Comments Off on How Can We Do a ‘Love Offering’

Monday, May 6, 2019 Hey Fletch … We occasionally receive love offerings for our senior pastor and other staff members. How should we handle these gifts? DRF—There are so many questions floating out there about [...]

Building Campaign that Falls Short

April 29th, 2019|Comments Off on Building Campaign that Falls Short

Monday, April 29, 2019 Hey Fletch … Two years ago we launched a building campaign for our church, but we fell short of our goals. Now the board has decided not to expand the [...]

Supporting Missions Work

April 3rd, 2019|Comments Off on Supporting Missions Work

Wednesday, April 3, 2019 Hey Fletch … Our church provides direct support to several international missionaries. What are the issues we should look at to provide this support with the utmost integrity? DRF—There are so [...]

2019 Mileage Reimbursements

March 27th, 2019|Comments Off on 2019 Mileage Reimbursements

Wednesday, March 27, 2019 Hey Fletch … Some of my fellow XPs have a variety of polices regarding mileage reimbursement for staff. I am wondering about best practices regarding this issue. Any help? DRF—In [...]

Giving to a Short-Term Missions Team

March 25th, 2019|Comments Off on Giving to a Short-Term Missions Team

Monday, March 25, 2019 Fletch is back from his research break, writing Predators in the Church Hey Fletch … I’ve been tracking with Dan Busby’s comments in the Hey Fletch column. I know gifts [...]

ASU 2016-14 and Churches: Four Key Questions Church Financial Leaders Should Ask to Understand the New Liquidity Disclosures 

March 1st, 2019|Comments Off on ASU 2016-14 and Churches: Four Key Questions Church Financial Leaders Should Ask to Understand the New Liquidity Disclosures 

Recent nonprofit financial reporting standards updates will result in several changes to external financial statements that church financial leaders should understand. Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) 2016-14 is intended to [...]

Gifts for a Needy Person

February 26th, 2019|Comments Off on Gifts for a Needy Person

Tuesday, February 26, 2019 Hey Fletch… We have a widow in our church that is going through serious medical challenges. She has exhausted her financial resources. Several wealthy members of the congregation want to financially [...]

Can a Church Pay FICA for a Pastor?

February 19th, 2019|Comments Off on Can a Church Pay FICA for a Pastor?

Tuesday, February 19, 2019 Hey Fletch … It’s been one month after I got your answer to my question. I still don’t have my head wrapped around this issue of FICA vs. SECA and how [...]

Staff Budgets Are Cut

February 18th, 2019|Comments Off on Staff Budgets Are Cut

Monday, February 18, 2019 Hey Fletch … I’m been on staff at our megachurch for many years. Every year, I have to worry about the budget for my area being cut in the middle of [...]

Significant Impact of Recent Supreme Court Decision Continues to Evolve for Nonprofits That Sell Items to Buyers in States Where They (the Nonprofits) Do Not Have a Physical Presence

February 16th, 2019|Comments Off on Significant Impact of Recent Supreme Court Decision Continues to Evolve for Nonprofits That Sell Items to Buyers in States Where They (the Nonprofits) Do Not Have a Physical Presence

As we originally reported in our June 21, 2018 Special Alert℠, the U.S. Supreme Court recently ruled in South Dakota v. Wayfair, Inc., et al., that states can, in some circumstances, require a seller [...]

Mileage Reimbursement for Missionaries

February 13th, 2019|Comments Off on Mileage Reimbursement for Missionaries

Wednesday, February 13, 2019 Hey Fletch! First off, thank you so much for bringing such an informative and fun workshop to Hawaii. It was such a pleasure to see you and we look forward to [...]

Giving Envelopes and Designated Giving

February 12th, 2019|Comments Off on Giving Envelopes and Designated Giving

Tuesday, February 12, 2019 Hey Fletch…our church envelopes and website allow donors to make designations. There are words that say, “The board has complete discretion and control over the use of all donated funds.” Can [...]