Lesson 17 - Church Finances

Question 1

Name the five categories to be considered with church finances

Answer 1

1. Income
2. Expenses
3. Accountability
4. Financial Management
5. Integrity

Question 2

What are the three main sources of income for a church?

Answer 2

1. Tithes
2. Offerings
3. Investments

Question 3

Explain what can result from outgoing expenditure exceeding income?

Answer 3

uncontrolled debt, unpaid bills, and suspicious membership

Question 4

When is it advisable to give loans to individuals?

Answer 4

never

Question 5

How should funds designated for a particular purpose be used?

Answer 5

According to the donor’s instructions

Question 6

How does a financial budget help a church?

Answer 6

Helps to avoid being caught short of funds when large bills are received

Question 7

What is integrity?

Answer 7

The quality of being honest and having strong moral principles and moral uprightness

Question 8

When can a pastor use church funds for his own use?

a) When he wants to
b) When he has prayed about it
c) When there is a large amount in the bank
d) Never

Answer 8

d) Never