Below you'll find a list of all posts that have been tagged as “budget”
Church finance updates can sometimes do more damage than good. The message often feels the same and can sound something like this: church giving is behind but there’s a chance to meet budget by the end of the year if everyone can just pick up the slack. Have you ever considered how a message like this can be interpreted by …
June 8, 2019 On April 3, MB Seminary leadership reported a difficult financial situation: after four years of deficits financed by reserves and declining financial support, the Board determined that this was the time to make significant reductions to our costs in order to balance the budget by the next fiscal year. We believed the Seminary needed to take such …
April 3, 2019MB Seminary has experienced meaningful growth in most areas of our ministry, whether it is graduate education or church-based training. Unfortunately, however, we have also experienced a number of deficit budgets in recent years, and this is not sustainable, regardless of how successful we have been in almost every area of ministry. Expenses have been tightly managed, even …
