Priority-Based Budgeting

In the following synopsis, substitute the word “church” for the word “community” as you consider the process.

Priority-based budgeting is a budgeting approach that prioritizes programs and services based on their relative importance to the community. Here are some key aspects:

Principles: It emphasizes prioritizing services, questioning past spending patterns, and ensuring transparency and accountability.

Resource Allocation: This method focuses on efficient resource utilization by directing funding towards higher-value services while scaling back or eliminating lower-value ones.

Process Steps: The budgeting process involves identifying available resources, defining priority results, evaluating programs, and comparing them against these priorities.

Community Focus: It allocates funds based on community needs rather than previous expenditures, ensuring that the most critical services receive adequate funding.

This approach helps organizations make informed decisions that align with community priorities and improve overall service delivery.

 

Priority based budgeting

https://mrsc.org/getmedia/CB4C52F4-29D5-4D6B-93F4-512795BF0A9B/gfoa-priority.aspx

https://envisio.com/blog/the-advantages-and-disadvantages-of-priority-based-budgeting/

https://theleadpastor.com/church-management/how-to-create-a-church-budget/#h-what-are-the-key-components-of-a-church-budget

 https://www.fylehq.com/blog/church-budgeting