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Operations 103 Reporting, Class 5

Operations 103 Reporting, Class 5.

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Operations 103 Reporting, Class 5

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  1. Operations 103Reporting, Class 5

  2. Leaders care less for accounting details and more about reporting.  Getting information in helpful formats is imperative.  Staff and key leaders need certain types of reports.  The governing board often needs another type, while the congregation needs a different style.  The Finance or Audit Committee, on the other hand, needs still another.  This class will explore financial reports, metrics and dashboards.  Also included will be a discussion of donor statements and information, both financial and congregational, that can be included on them. Today’s Topic

  3. Jon Wright is the Executive Pastor of Grace Church of Eden Prairie, Minnesota, with over 5,000 in worship. His goal at Grace is to create an environment conducive to the fulfillment of the church’s mission by providing leadership coaching to the ministry staff and the Grace family, resulting in innovation and impact across the street and around the world for the glory of Christ. Jon Wright

  4. Jeff oversees operations at Grace Church. He started work at Merrill Lynch as a financial advisor and became a branch manager. After reading the book “Halftime” by Bob Bufford, the Lord called Jeff to live out leaving “success for significance,” so the family moved to Minnesota to work with Grace Church in 2004. Jeff Kornoelje

  5. Reporting

  6. Class 4: Follow Up

  7. OR Building the Clockor Simply Knowing the Time?

  8. Ministry Indicators • Giving • Missional Budgets • External vs. Internal • Capital Improvements Addendum • Fund Balances • Expenses • Attendance • Giving Statements • Others topics from students … Reporting: Topics to Address

  9. Congregation • People give to changed lives and not statistics • http://vimeo.com/62704406 • Want to be forthright of where we stand and to encourage people to “move to the right” • Learned that big #’s can scare people, so utilize % Reporting of Offering

  10. Acknowledging those that gave to Grace Church for the 1st time with a hand-written note Celebrating a Mark of Discipleship

  11. Ministry evaluation as well as helpful for budgetary decisions and projections “Move to the Right”

  12. Leadership • How did we do this past weekend? • Concerned on where are we going to end? • How did we get here? Offering Reporting

  13. How Might We End Up?

  14. How Did We Get Here?

  15. Automated Giving Reporting

  16. Want to make informed decisions to allocate resources across ministry venues Multi-Site Giving

  17. Missional Budgeting

  18. Missional Budgeting

  19. Missional Budgeting: Keeping Score

  20. For Public Consumption • Internal • SAS 114 Letter • SAS 115 Letter • Different voice for change • Best practices (offsite data backup) • Salary Surveys have helped Board Updates External vs. Internal Reporting

  21. Congregation Board Level Capital Improvements

  22. Capital Improvements: Ministry & Finance Team Level

  23. Q & A Send Questions via Chat to Tami

  24. Addendum

  25. Church-Wide Leadership Ministry-Specific How Much is In the Bank?

  26. Finance Team Congregation & Board Expenses

  27. Specific Ministry Department available online to each ministry Ministry Level Expenses & Vision Sharing

  28. Attendance

  29. Giving Statements Consider sending them out 3 times a year, not just for tax purposes… Here is a sample of ours to hit prior to Thanksgiving.

  30.  Have you reviewed your current banking fees? • Analysis fees • Online fees • Merchant Services fees • Remote Depositfees • Line of Credit 2.  Do you strategize for staff compensation 1-3 years forward? • Base salary • Retirement • Medical/Life Insurance • HousingAllowance • ContinuingEducation Questions from the Reading by Don McClure

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