Before launching into a study of anything, I like to make sure I have at least a basic understanding of what the topic is all about. So, before launching into church budget development I looked up a few definitions of what a budget is: An accounting device used to plan and control resources of operational […]
Good morning, I hope everyone is finding a way to keep cool in this brutal summer heat. Unfortunately, what I am about to tell you may cause your thermometer to pop up a few degrees! Over the last year and a half or so, we have been advising our church clients and breakfast attendees that […]
In the past year or two, Texas and many other states, have enacted a version of a new model institutional funds act (UPMIFA). In response, the Financial Accounting Standards Board issued a staff position paper (FAS 117-1) in August 2008. It applies to not-for-profit organizations (including churches) beginning with 2008 year-ends. Many are completely unaware of […]