"Moreover, it is required of stewards that they be found faithful." 1 Cor 4:2 ESV
As the leader of a nonprofit, you are responsible for the funds committed to your care by donors. Individuals are entrusting their funds to the ministry. Many sacrifice expenses to other things to give to the ministry you lead. If we slow down and appreciate the individuals behind the donations, it can greatly impact spending, work ethic, and strategic planning.
Part of being a good steward is planning appropriately. Budgeting is a plan for each year. It communicates the path and direction of the ministry. As a leader, you are responsible for not only assisting in creating the budget (alongside the board) but also staying as true to the budget as possible. If an unexpected expense comes up, you can communicate to the board. Please remember that a budget is an educated guess.
I am always amazed at how many ministries do not have a budget. This leaves leaders confused about finances and unclear where their boundaries are found. In addition, it leaves the ministry in a vulnerable spot to not build reserves for unseen circumstances down the road. A strong budget protects the ministry and the leader.
If you need to talk through budgets or reserves, please reach out for one free consultation. I would love to talk through how I can assist you.
Praying for you all,