Budget Hints at Reprieve
Davidson, Jane, Anglican Journal
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 …
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Publication information:
Article title: Budget Hints at Reprieve.
Contributors: Davidson, Jane - Author.
Magazine title: Anglican Journal.
Volume: 128.
Issue: 1
Publication date: January 2002.
Page number: 1.
© Anglican Church of Canada Feb 2009.
Provided by ProQuest LLC. All Rights Reserved.
This material is protected by copyright and, with the exception of fair use, may not be further copied, distributed or transmitted in any form or by any means.
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