The Anglican Church of Canada will remain solvent at least until the end of 2002.
A budget presented to the Council of General Synod in November by treasurer Jim Cullen gave a rosier picture than had been painted a year ago.
CoGs heard predictions of a balanced budget, before residential schools expenses, for both 2001 and 2002, instead of insolvency at the end of 2001, which was a distinct possibility a year ago. The improved, but still tenuous, outlook calls for revenue of $10.3 million for 2001, and expenses of $10 million, a five per cent increase over anticipated revenue of $9.9 million.
Revenues for 2002 are also pegged at $10.3 million.
A surprise surplus for 2001 of $337,210 will be used to …