Will Cat5 Cabling Work For Video Surveillance?

Cat5e is preferred, but will IP cameras work with just Cat5? Will they work well?

My church has analog cameras with Cat5 and baluns, and I'm trying to convince them to upgrade to IP cameras. I'd prefer Cat5e cableing, but if I can only convince them to upgrade if we keep the existing Cat5, I want to know if it's worth pursuing. Or if I'd be crazy to use the Cat5 for IP cameras.

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