What role does the local economy play in the budget of the local church?
The obvious answer is that as people tighten their belts personally it impacts their giving to charitable causes such as the church. But how should churches plan their budgets in light of the economy?
Our church is beginning the process of planning the budget for our next fiscal year. This week we communicated to our ministry leaders this process we will follow.
Today, the local news had two headlines that grabbed my attention.
“Seattle P-I up for sale.” The state’s longest publshing newspaper, which rolled off the press in 1863 is up for sale. If a buyer is not found in 60 days, the paper may close its doors forever.
“Boeing plans workforce reduction of 4,500.” Because of the dramatic slowdown in airline business and the broader impact of the global recession, Boeing will lay off about 5 percent of their workforce in Washington State.
What impact should these headlines have on our planning process? Do we boldly put together a faith-stretching budget? Do we hunker down and allow pessimism to influence our plans? Do we seek to balance realism with faith? Only time will tell.