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).
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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
Posted November 21, 2011 at 7:29 am
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