How To Create A Church Construction Budget
A church may elect to establish a building committee comprised of members who already know how to create a church construction budget. These church members will have to determine the site the church will be built on before they are able to proceed very far with the budget. The committee will have to hire an architect to design the church based on what they can afford to spend in construction costs. The interior furnishings must also be taken into consideration when the committee creates their budget.
- If the land the church is to be built on has been determined, construction can begin. If the committee has not purchased the land yet, they will have to arrange for the financing once they decide on a location. Once the land is purchased, they can create a church construction budget based on the remaining funds available.
- A church construction budget may be increased through a fundraising effort. Many churches will have a fund drive, where their congregation and other members of the community can help pay for the cost of construction. The amount raised can help the building committee amend the church construction budget to possibly include more features to the church that may have been previously unaffordable.
- As construction continues, the committee will monitor the usage of funds. If it appears there will be a shortfall in the funding, the committee will have to create a church construction budget that either allows for the added cost, or cuts some of the additional features that were added after the fundraising efforts.
- If the committee is successful, there should be funds remaining. The surplus cash can then be used for materials needed for the congregation, administrative expenses related to the day-to-day activity of the church operation, or to make advance payments on the mortgage loan.