“Therefore everyone who hears these words of mine and puts them into practice is like a wise man who built his house upon the rock. The rain came down, the streams rose, and the winds blew and beat against that house; yet it did not fall, because it had its foundation on the rock.” (Matthew 7:24,25)
Today’s churches are living in an age of frequent if not constant challenges. For church leaders and administrators, it is not a matter of if the rain, floods, and winds are coming, but when. Now more than ever, it is essential that your church is built upon a foundation of strong financial integrity that will weather the storms.
Often church leaders have a desire to shore up their financial integrity, but they aren’t sure where to start. The good news is building your church’s financial integrity is not as complicated as you might think. Much like a strong and solid home is built brick-by-brick, there are basic building blocks that provide the foundation for your church to stand strong in the face of challenges.
In the ECFA eBook, 5 Building Blocks of Church Financial Integrity, we explore these five essentials: Committed Leadership, Sound Financial Management, Appropriate Transparency, Excellence in Compensation & Conflicts of Interest, and Trustworthy Stewardship, as well as the “glue” that holds it all together: Accountability.
Here are a few key takeaways from the eBook:
- Committed Leadership – The church’s governing body and staff must lead the way for financial integrity. A committed, independent church board selects good leaders, makes decisions in light of Scripture, and keeps the church accountable to its overall mission. (Key Scripture: 1 Tim 3:1)
- Sound Financial Management – Integrity requires administering church finance with diligence. Important issues to address include proper use of resources, financial oversight, and a thorough understanding of internal vs. external audits. (Key Scripture: 1 Cor 16:1-4)
- Appropriate Transparency – Regular financial reports create an atmosphere for greater generosity. Openness and transparency through public disclosure of financial statements and project reports promotes responsible Christian stewardship and enhances trust with givers and a watching world. (Key Scripture: Rom 15:25-26)
- Excellence in Compensation & Conflicts of Interest – Church leaders must avoid even the perception of improper personal benefit. Carefully designed and consistently executed policies for compensation setting and potential conflicts of interest can help ensure that the church is above reproach. (Key Scripture: 1 Tim 5:17-18)
- Trustworthy Stewardship – Givers expect churches to be faithful to their word in the process of raising and spending resources. By striving for truthfulness in communications, honoring giver expectations and intent, issuing appropriate gift acknowledgments, and acting in the best interest of givers, not fundraising consultants or staff, your church can demonstrate faithful administration of resources. (Key Scripture: 2 Cor 8:20-21)
Accountability is the Glue
Like a New Year’s Resolution to diet or exercise, the best intentions often fall by the wayside when there is no accountability. Maintaining financial integrity requires a certain support system to be successful in the long run. Churches can make themselves accountable to their members, congregants, and financial supporters through such avenues as independent board governance, internal controls, denominational oversight, and third-party certification by independent organizations such as ECFA.
There are currently more than 2,200 organizations across the United States that demonstrate their commitment to high standards of financial integrity through ECFA membership. Churches are the fastest growing segment of ECFA members, and ECFA-certified churches represent 18 different denominations and over 40 of the nation’s largest and most vibrant congregations.
To learn more about ECFA membership as well as other ways that ECFA can support you in your ministry, call 800-323-9473 or email firstname.lastname@example.org.