Less than 40% of churches Smart Church Solutions have surveyed in our national benchmarking have a defensible plan for capital reserve planning. Capital renewals are inevitable expenses. Every component of your building has a life cycle … all of your FFE, AVL, IT , etc. has a life cycle.
Capital reserve planning is like an IRA or 401K. How much is enough to set aside? How do you convince your finance team that this is important? Join Fletch and Tim Cool in a discussion on Capital Reserves. Take your church to the right level of planning.
Free Items
- 2020 Church Facility Operations Benchmarking Report. Fletch says, I don’t think I have ever seen such a thorough and helpful report on benchmarking operations. Great work by Tim and his crew!
- Life Cycle Calculator. This was demonstrated in the broadcast with Tim and is an invaluable way to list all major items for capital reserve accounts.
