Ministry Money Mistakes I. No voted on budget. No experienced bookkeeper. Budget based on projections. Not living on 80% of budget. Pastor not backing the bookkeeper who lives by the budget. No Purchase Order system. Letting students go free to school. Pastors name on accounts.
Ministry Money Mistakes II. No Asset and Liability report. No monthly money reports. Not working with 2 banks-National and Local. Not shopping for better interest rates. Not having three vetos for decisions-Faculty, Facilities, and Finances. Ministries not paying a percentage of the mortgage.