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PASTORAL BUDGET WORKSHEET
 

MMBB suggests using the pastoral budget worksheet to build your pastoral budget.

Please complete the information below:

Minister's Compensation
  This Year Next Year
Cash salary $ $
Housing (either a or b)
a. Parsonage rental value
Parsonage allowance
Utilities allowance 		$ $
b. Housing allowance $ $
Total compensation*:
$0.00
$0.00
* This amount is used to determine Benefits for Life premiums.

Benefits

  This Year Next Year
Benefits for Life premiums $ $
Tax-Deferred Annuity Plan contributions $ $
Health insurance premiums $ $
Social Security/Medicare tax offset ** $ $
Total benefits:
$0.00
$0.00
** Employers choose whether or not to include the Social Security/Medicare tax offset for determining Benefits for Life premiums.

Reimbursement for Ministry-Related Expenses

  This Year Next Year
Automobile(enter miles)
$0.00
$0.00
Convention expenses $ $
Continuing education $ $
Books, periodicals, other resources $ $
Hospitality fund $ $
Other expenses $ $
Total reimbursement for ministry-related expenses:
$0.00
$0.00
TOTAL** church budget for compensation, benefits and expenses:
$0.00
$0.00

**Pay this total using the tax-advantaged plans and features described above. To pay this amount in cash, as taxable income, will seriously hurt your pastor by increasing taxes and reducing take home pay. MMBB experience shows that this approach also jeopardizes essential benefits coverage that protects your pastor, your pastor's family and your church.