A Budget's Replacement Reserves (E) - Peter Miller (Miller Dodson Assoc)

Church organizations rely on contributions from the community to fund their operations and charitable programs.  But when brick and mortar assets need replacement, that costs money, too.  Learn how to prepare your long-term capital budget for that roof replacement, and parking lot overlay, and free up your special funding efforts for those more important goals.  Based on accepted industry practices, a Replacement Reserve Study establishes a long-term budget for those significant future expenditures.