Rainy Day Funds

  • Christian Chat is a moderated online Christian community allowing Christians around the world to fellowship with each other in real time chat via webcam, voice, and text, with the Christian Chat app. You can also start or participate in a Bible-based discussion here in the Christian Chat Forums, where members can also share with each other their own videos, pictures, or favorite Christian music.

    If you are a Christian and need encouragement and fellowship, we're here for you! If you are not a Christian but interested in knowing more about Jesus our Lord, you're also welcome! Want to know what the Bible says, and how you can apply it to your life? Join us!

    To make new Christian friends now around the world, click here to join Christian Chat.
Billyd

Billyd

Senior Member
#1
May 8, 2014
5,228
1,632
113
#1
Does your church keep a "Rainy Day Fund"? If so, how much do you keep in it, and for what reasons would you draw funds from it?

We have a building upkeep fund. It is used for minor building repairs. Anytime the fund exceeds $10K, the excess goes into our community ministry program. There is always a need in the community.
 
Fillan

Fillan

Well-known member
#2
Oct 25, 2022
397
412
63
45
#2
Hello Billy. We have a Hardship Fund for those members (sadly many these days) who are financial difficulties. Any member can contribute as they are led to and those in need can receive support. God Bless You :)
 
Billyd

Billyd

Senior Member
#3
May 8, 2014
5,228
1,632
113
#3
Fillan said:
Hello Billy. We have a Hardship Fund for those members (sadly many these days) who are financial difficulties. Any member can contribute as they are led to and those in need can receive support. God Bless You :)
Click to expand...
We are one of several churches in our local area that have pooled our resources to establish a food and clothing pantry that provides items for those in need. They also have a thrift shop that resells (many times gives) donated items to those in need.

We also maintain a fund to provide emergency financial assistance (like utilities being cut off, gasoline for work, mechanical repairs, etc.). It amazes me how many people that we have helped not only repay the assistance, but also become supporters of the fund. Many times needs exceeds the balance. One text message to church members, will solve this problem.

Do you provide financial counseling?
 
M

Matt12ABC

New member
#4
May 16, 2023
18
1
3
#4
no the poor should go out and find 2 dimes and give 1 to the church. stop been a beggar and dont be a burden on people. the pastor has to have the lastest sports car and pay for his gas in his private jet. that dime will help towards this. God Bless.
 
Lanolin

Lanolin

Well-known member
#5
Dec 15, 2018
23,460
7,188
113
#5
No
Where I live it rains a lot so we just plant trees to absorb the water and grow gardens where we can.
 
E

evawillms

New member
#6
Oct 7, 2023
3
0
1
#6
Billyd said:
Does your church keep a "Rainy Day Fund"? If so, how much do you keep in it, and for what reasons would you draw funds from it?

We have a building upkeep fund. It is used for minor building repairs. Anytime the fund exceeds $10K, the excess goes into our community ministry program. There is always a need in the community. Run 3
Click to expand...
I really don't want to reveal that at all.
 
Fillan

Fillan

Well-known member
#7
Oct 25, 2022
397
412
63
45
#7
Billyd said:
Do you provide financial counseling?
Click to expand...
Hello Billy. Yes that too. Sometimes people can be in a place of hardship not because they don't have sufficient income, but rather their income is good but it's a budgeting or addiction issue. God Bless You :)
 
Seeker47

Seeker47

Well-known member
#8
Aug 7, 2018
1,128
962
113
#8
Unmonitored "rainy day" funds should never be allowed. Multiple checkpoints are required, regardless of the people involved. Nearly very church has a story to tell.
 
Billyd

Billyd

Senior Member
#9
May 8, 2014
5,228
1,632
113
#9
Seeker47 said:
Unmonitored "rainy day" funds should never be allowed. Multiple checkpoints are required, regardless of the people involved. Nearly very church has a story to tell.
Click to expand...
I agree. I believe that all funds must be carefully monitored. God expects accurate accounting of every dollar that we receive, both as a church, and a Christian.

We received a letter from the IRS a few years ago telling us that we owed nearly $10,000 in taxes and penalties. They were the result of improper filing of employee salary forms. It took over a year to clear up the problems and file the proper forms. It turned out that the wrong forms had been mailed to the wrong address. Fortunately we had a CPA member who audited our books and found the mistake. Turned out we owed nothing. Lesson learned. Today we have a continuous double check of all income and expenses, and an annual audit.
 
You must log in or register to reply here.