Where’s the Money to Fix This?

A few weeks ago I received a copy of the Church Finance Today newsletter. The lead article really caught my attention and I have used it as the title of this post.  Given my focus and dogma on the topic of Facility Stewardship, I had to read on!

The article was full of great thoughts and comments…it even had a quote from yours truly (Tim Cool) which was a little bit of a surprise…a pleasant surprise.  You will want to read the article for yourself, but here are some thoughts from the article.

They provided 6 Tips to help get started in developing an intentional and proactive plan for long term care:

  1. Avoid the “if it ain’t broke, don’t fix it mentality.
  2. Don’t ignore “out of sight, out of mind” items.
  3. Good Stewardship includes physical assets.
  4. Tap experts to assess your needs.
  5. Create a capital reserve account even if you start small.
  6. Work towards your plan every year.

These are great tips…and I especially LOVE # 3.

One of the other quotes by the author, Bobby Ross, Jr., really seals the deal for me and is exactly the drum I continue to beat:

Every air-conditioning unit, every piece of carpet, every window, every light and the entire roof will need to be replaced at some point. It’s vital for leaders to recognize all of it needs to be replaced sooner or later. And setting funds aside now may avoid more painful scenarios later – like a church that needs to rent temporary worship space while its air conditioning gets fixed*

It is not a matter of IF they will be replaced.  It is a matter of WHEN and HOW will you fund it.

Intentional churches plan for the inevitable!

A few weeks ago, our team released the first of its kind LIFE CYCLE CALCULATOR. If you are serious about getting started with a Capital Reserve Plan…then this tool is the right first step.  Click HERE to get started.

 

 

 

 

 

 

 

*Originally appeared in the November 2016 issue of Church Finance Today. Used with permission.

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