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Essay / Research Paper Abstract
This 10 page paper looks at the process and the use of budgeting and budgetary controls and how they may be beneficial when used in the voluntary sector, such as a church organization, and the ways in which the processes may be used. The bibliography cites 15 sources.
Page Count:
10 pages (~225 words per page)
File: TS14_TEbudchurch.rtf
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Unformatted sample text from the term paper:
budgeting may be seen as empowering the organization in a way that increases knowledge and makes it more likely that the organization will reach its goals with the available resources.
For commercial organizations the aim of budging is likely to be the facilitation of profit creation, in order to control costs as well as to assess potential projects, in
order to determine the optimal courses of action (Watts, 2004). For a Church there may not be the same need for profit, but there will be a vast number of
calls on the churches resources that need to be satisfied. Like any other organization there will be the need to pay operating costs, such as utilities, although other costs associated
with labour may be less as a result of the value of volunteered labour, issues of accountability and the need for transparency may also be satisfied with an understood and
well managed budgeting and budgetary control process (Irvine, 1998). This is necessary as money and budgeting are needed if the church is to achieve it primary mission (Irvine, 1998). It
has also been shown that congregations welcome the role of budgeting and accept it as necessary, understand that funds need to be used efficiency for the church to mobilise its
mission (Irvine, 2005). This means that budgeting needs to be considered for the church in the context of the value it can create needs to be assessed. The concept
of budgeting is not new; it may be argued that the origins may be found in the bible, where budgeting concepts can be seen with the Old Testament story of
Joseph, where there was nothing handed out of the treasure unless there was a written order, there is also budgeting and planning seen with the saving from the years of
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