On this episode of the 1 Ministry Question podcast, Todd Adkins and Dan Iten discuss budgeting contingencies.
QUOTES FROM EPISODE 6
“It’s always wise to have a contingency budget in place just in case.”
“Keep in mind that doing a stretch budget allows you to dream and cast vision.”
“On any given year, something could happen that could cause you to need to tap into the contingency budget.”
“You might need to have a wrestling conversation with your staff about if this line item is something that is fixed or variable.”