Financial Stewardship
We believe giving to Christ’s church is an act of worship, and that both our attitude toward giving and practice of giving indicates our level of spiritual maturity and commitment to Christ’s mission (Matthew 6:19-21). Faithful giving also makes us more generous overall, freeing us from the bonds of materialism, allowing us to better show Christ’s love to a watching world, and providing a platform for further spiritual growth (2 Corinthians 9:6-8).
One of our first goals in handling finances is to be good and faithful stewards of all gifts entrusted to us. We know that all we have is God’s (1 Chronicles 29:11-12), and that we are only temporary stewards of the money that is given to us. In all our dealings we maintain a sense of humility and gratitude for the material blessings God has provided through sacrificial giving and a desire to be an example of Christian integrity. Our obligation, therefore, is to spend that money prayerfully, frugally, and wisely
Primary Source of Church Income
We are dependent on God through the faithful and generous financial gifts of God’s people to underwrite the church’s ministry, missions, ministry expansion, and benevolence needs.We believe God has called us to ministry within our means. God provides everything we need for accomplishing the tasks He gives us. We will not operate the ministry at a deficit. We will communicate financial needs truthfully without any manipulation, hype, or spin.
Global Ministries Giving
We commit a minimum of 10% of General Fund offerings to God’s work in our world, country, and community. Individuals also contribute beyond our budgeted support of Missionaries through designated gifts to missions and/or specific missionaries. The church has a Global Missions Team that uses formal guidelines to review all mission requests. All expenditures are made under the oversight of the Elder Board.
Financial Bible Teaching
We teach biblical financial principles to our congregation through Bible studies, seminars, sermons, etc. The goal of this teaching is to help people become financially free in their lives in order to serve and honor God more fully and faithfully. It is our desire to encourage all of our Lord’s followers to become faithful and generous givers to the Lord’s work (1 Corinthians 9:6-7).
Benevolence Giving
We believe the church should care for those in need. Thus, we have part of our annual budget designated toward benevolence to help people that are attending our church. For those outside of our church family, we give from our budget to the Collin County Assistance Center to oversee the giving of funds to those in need.
Ministry Projects
We seek to meet our larger financial needs associated with ministry expansion (e.g. building projects, equipment/systems, vehicles, land, etc.) or ministry needs (mission trips, relief projects, etc.) through communicating the plans and needs to God’s people and other individuals through letters, presentations, campaigns, visits, etc. Plano Bible Chapel will accept designated gifts for board-approved ministry projects and/or major expenditures.
Financial Controls
We exercise careful management and financial controls to ensure frugal, accountable, and appropriate spending. We have written internal financial policies that govern the way we approve expenditures and how we receive donations. For instance, spending is controlled by check requests that must be approved based on levels of delegated spending authority. All checks require signatures from a limited number of approved signatories. Our annual budget is developed through the work of the Deacon Finance team and approved at multiple levels involving the person most directly in touch with the ministry expense and including review by the supervisor, our Financial Bookkeeper, Pastoral Staff, and ultimately, the Trustees. We avoid conflicts of interest (any member receiving personal benefit) involving transactions with church members by receiving competitive bids and evaluating comparable valuations. When we make a purchase, we will pay the invoice within 30 days, whenever possible. We do not intend to use or benefit from money owed to vendors.
Methods of Giving
We encourage generous giving by allowing various ways to faithfully give through whatever means is most helpful.
- Give Online.
- Cash: You can give cash
- Checks or Money Orders:
Please email info@fohmint.com for more details.