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Cash Reserves

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  • May 24, 2022 at 2:50 pm #4741
    Jeff Steed
    Keymaster

    What is a typical healthy level of cash reserves for a church?

    June 20, 2022 at 4:53 pm #4769
    Jeff Steed
    Keymaster

    A good “rule of thumb” seems to be 3-6 months of cash-flow needs from a minimum standpoint.

    July 18, 2022 at 4:19 pm #4823
    Jeff Steed
    Keymaster

    The Louisiana Baptist Foundation’s Short Term Fund can be used for various cash reserves and designated accounts. This daily liquidity savings-type account is paying an annualized rate of 1.60% (as of 6/30/2022) compared to the average national daily savings rate for banks being around 0.10% currently. Based on our internal information, we are excited that the rate is the highest being offered to churches in the state to our knowledge. For more information, please email Contact@LBFinfo.org or call 877-523-4636.

    January 4, 2023 at 5:38 pm #4984
    Jeff Steed
    Keymaster

    Should a church’s cash reserves and restricted/designated accounts be (1) comingled under one savings account, or (2) segregated?

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