Summer Financial Update

Church,

This past Sunday, we had an impromptu financial report during the morning announcements. We want to follow up to reiterate that God is doing great things at Normandy and we are extremely thankful to have a faithful and generous congregation! Many church plants will struggle the first 2-3 years, but it is because of God’s blessing and your financial faithfulness that Normandy has been able to establish a solid financial footing within 18 months of inception.

Over the course of the last 6 months, the Finance Team, the Elders, and the Board of Advisors have devoted much time and study to finalize our financial philosophy. We intend to provide more info on the church’s finances in the near future. In the meantime, we wanted to communicate a few of the guiding financial principles of Normandy Community Church.

One of the guiding principles for Normandy is stewardship. For us, stewardship  means that as Christians we have a foundational understanding that we are not owners of things, but managers of what God has given us. Stewardship basically boils down to three major points and this definition is a helpful illustration for how we view and manage finances at Normandy.

1.  God owns it all.
2.  We are all stewards or managers of what God has given us.
3.  We have a responsibility to manage it for His glory.

Another guiding financial principle for Normandy is the scriptural and practical wisdom planning for the future. Our pastors will often quote Proverbs 29:18, siting the need to have a vision for the future. As we’ve studied from other churches, Crown Financial and Dave Ramsey, we believe that having a savings reserve is an important aspect of wise biblical money management. This is what Jordan referred to as “the war chest” and as a church we strive to maintain 6 months of reserves. The following scriptural principles represent the biblical basis of maintaining a financial "cushion" in a savings account:

1.  It reflects responsible preparation.

“In the house of the wise are stores of choice food and oil, but a foolish man devours all he has.” (Prov. 21:20)

“Go to the ant, you sluggard; consider its way and be wise! It has no commander, no overseer or ruler, yet it stores its provisions in summer and gathers its food at harvest.” (Prov. 6:6-8)

“Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost to see if you have enough money to complete it? 29 For if you lay the foundation and are not able to finish it, everyone who sees it will ridicule you, 30 saying, ‘This person began to build and wasn’t able to finish.” (Luke 14:28-29)

2.  It reflects self-control.

“Poverty and shame will come to him who neglects discipline, but he who regards reproof will be honored.” (Prov. 13:18)

“For the grace of God that brings salvation has appeared to all men. It teaches us to say “No” to ungodliness and worldly passions, and to live self-controlled, upright and godly lives in this present age.” (Titus 2:11-12)

Lastly, we are excited to announce that Normandy will be hosting another personal finance class in the Fall. This is an opportunity to learn more about where our financial philosophy comes as well as learn about how to manage your personal finances in a way that pleases the Lord. In addtition to using the financial principles learned throughout scripture, this year we will be using the Financial Peace University material created by Dave Ramsey. Details will be announced soon so make sure to keep an eye out!

If you have any specific questions on the church finances or Financial Peace University, please feel free to contact any Elder or any member of the Finance Team.