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A free floating commentary on culture, politics, economics, and religion based on a passionate commitment to the truth and a desire graciously to refute that which is contrary to it….
"He must hold firm to the sure word as taught, so that he may be able to give instruction in sound doctrine and also to confute those who contradict it."
--Titus 1:9, Revised Standard Version
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(Anglican Journal) Balanced 2012 budget approved by Ang Ch. of Canada Council of General Synod
The Council of General Synod (CoGS) has approved a balanced 2012 budget for the national church of $12.698 million.
At its Nov. 18-20 meeting here, a balanced budget was also forecast for 2013 with “no further staffing cuts” before 2016.
That’s the good news. The bad news is that declining revenues coupled with cost-push inflation could mean that General Synod will once again face a deficit budget in 2014. This deficit could balloon to $1 million by 2016, according to a report submitted to CoGS by the church’s Financial Management Committee (FMC).
Read it all.
Filed under: * Anglican - Episcopal • Anglican Provinces • Anglican Church of Canada • * Christian Life / Church Life • Parish Ministry • Stewardship • * Culture-Watch • Religion & Culture • * Economics, Politics • Economy • The Credit Freeze Crisis of Fall 2008/The Recession of 2007-- • * International News & Commentary • Canada
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