(Anglican Journal) Balanced 2012 budget approved by Ang Ch. of Canada Council of General Synod

Posted by Kendall Harmon

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 - EpiscopalAnglican ProvincesAnglican Church of Canada* Christian Life / Church LifeParish MinistryStewardship* Culture-WatchReligion & Culture* Economics, PoliticsEconomyThe Credit Freeze Crisis of Fall 2008/The Recession of 2007--* International News & CommentaryCanada

Posted November 21, 2011 at 7:29 am

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