Budget (of Anglican Church) Hints at Reprieve

By Davidson, Jane | Anglican Journal, January 2002 | Go to article overview
Save to active project

Budget (of Anglican Church) Hints at Reprieve

Davidson, Jane, Anglican Journal

Orillia, Ont.

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 offset prior years' operating deficits.

While describing himself as optimistic, Mr. Cullen continued to counsel caution. "We are in a recession, and (this) could impact on diocesan revenue," he said.

"Commercial revenue is also a concern. There could be a drop in advertising to the Anglican Journal, and ABC bookstore sales. Interest rates are falling and the loss of Canada 3000 could mean an increase in travel costs for General Synod."

Mr. Cullen noted that one area of uncertainty concerns the recent federal government proposal on residential schools settlements.

In November, Ottawa unilaterally announced it would pay 70 per cent of proven out-of-court damage settlements related to native residential schools. It also rejected churches' requests for a cap on liability in lawsuits where they are named as plaintiffs.

Mr. Cullen attributed the improved picture in 2001 to higher than expected diocesan contributions -- $58,000 over the budget of $8.8 million -- to improved donations to the Anglican Appeal, and to unexpected undesignated bequests and related fees of $390,000, up from a forecast of $106,000.

Explaining the discrepancy between early expectations and actual results, Mr. Cullen said, "The predictions for 2001 were originally made in extreme uncertainty. The Anglican Appeal was tanking and we were never certain of the level of diocesan support."

There were no surprises in spending on residential school litigation and support services which came in, as predicted, at about $1 million.

About 87 per cent of General Synod's revenue comes from the 30 dioceses through proportional giving which provides a common basis for dioceses to measure their contributions to General Synod, according to the budget documents presented at COGS.

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
Loading One moment ...
Project items
Cite this article

Cited article

Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited article

Budget (of Anglican Church) Hints at Reprieve


Text size Smaller Larger
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

While we understand printed pages are helpful to our users, this limitation is necessary to help protect our publishers' copyrighted material and prevent its unlawful distribution. We are sorry for any inconvenience.
Full screen

matching results for page

Cited passage

Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.

Are you sure you want to delete this highlight?