Q. Our project
will cost more than we can raise in our campaign. What should we do?
A. Many congregations undertake projects that cost more than can be raised
in a single campaign. Many times a church undertakes one or two subsequent campaigns
with any remaining balance then included in the operating budget.
Before any campaign proceeds, a financing plan should be developed that details
how a project will be funded. This plan should be built on reasonable assumptions
of anticipated campaign proceeds, the number of campaigns, construction and financing
costs. Members will want to know in advance how a project will be funded and
what continuing financial commitment will be expected of them.
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