advice Question

The math of downward trending income

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nickg5Flag for United States of America asked on
MiscellaneousPhilosophy / Religion* FinanceAccounting
7 Comments2 Solutions23 ViewsLast Modified:

How do churches determine budget for the next fiscal year? 

I was thinking it could be based on the previous years income since they can not predict future income. Suppose the budget based on the previous year is $5K per month.  

If the first 6 months of the new fiscal year the average income per month is $3K what are the consequences and resolutions of coming up $2K per month short?

Leaders sees the numbers developing and coming up short. What kind of plan can resolve the short coming? All I can think of it begin to greatly eliminate expenses not yet paid.

I used religion as a topic since some members may actually have experienced the above having been a church leader or church member in the know. 

Kent Olsen
Data Warehouse / Database Architect

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