As your CFO, I’ll close the books, review, issue and explain reports. We’ll develop a budget aligned with Pastor’s heart. All this will sit on top of sound financial policies customized to your church. See below for more info.
1. Providing Guidance to your Church Bookkeeper or Financial Secretary
To start, I’ll assess your current set of books, the accounting procedures and the closing process. I will then recommend ways to strengthen your bookkeeping. Working with your Bookkeeper and Finance Chair, implement agreed upon improvements.
I will review the books, supporting docs, bank and other account reconciliations and the resulting financials monthly. Your bookkeeper will be kept in the loop the entire time.
2. Developing and Implementing Reporting Systems
I’ll assess current reports – then suggest improvements that fit your needs and those of your staff, committees and church. We’ll develop the needed weekly and monthly reporting. See this post as an example.
3. Advising Pastor, Staff and Finance Team on Financial Condition, Results vs. Expectations
I’ll issue monthly analysis along with the monthly reports and include a narrative and other highlights/analysis on a quarterly basis. I’ll summarize and make sure Pastor and Finance Team understand. I’ll be your sounding board and I’ll prepare you for meetings.
I’m here to help in matters related to contributions, purchasing, facilities, salary & benefits and so on as well.
This includes unlimited emails, texts, phone calls.
4. Developing and Implementing Budget Aligned to Pastor’s Heart and Church Strategy
I’ll work one on one with the Pastor on Margin Planning as described here. During the church-wide budget process, I’ll manage the timeline, compile submissions if needed, prepare reports for budget meetings and create communication materials for the church.
5. Developing and Implementing Financial Control Practices
I’ll assess your current financial control practices, suggest ways to strengthen the controls to prevent opportunities for fraud and the appearance of wrongdoing in the spirit of 2 Corinthians 8:18-21. You’ll receive a Segregation of Duties Control Grid from which to create/modify your Financial Policies.
Pastor, get back to your calling and the Finance Team back to theirs.
Get the information you need.
Make better, informed decisions.
You, staff and your church are protected.
Accounting, Reporting and Analysis Package (Items 1, 2 & 3) – 1% of your monthly budget receipts. For example, if your annual budget is $150,000, the price is $125 per month.
Budgeting Package – 1% of three months budget receipts. For example, if your annual budget is $150,000, the price is $375.
Financial Practices Package – 1% of three months budget receipts. For example, if your annual budget is $150,000, the price is $375.
Mix and Match as needed.