Cash Reserves

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  • #4741
    Jeff Steed
    Keymaster

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

    #4769
    Jeff Steed
    Keymaster

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

    #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.

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