The Anglican Church of Canada’s national office is forecast to have a balanced budget this year—but substantial deficits and program cuts are likely in the years to follow, documents prepared for the November meeting of Council of Synod (CoGS) state.
The budget for 2023 is expected to have a modest surplus of $43,000, according to a budget document prepared for CoGS and dated Oct. 27. This includes the projected cost of $791,900 for the meeting of General Synod planned for the summer, as well as a gathering of Sacred Circle planned in the spring. To balance its budget, the church will use just over $1 million in funds that were set aside in previous years to cover these expenses, General Synod treasurer Amal Attia told CoGS. The national church was expected to have a similarly modest surplus in 2022, she said.
Prospects for coming years, however, as revenues are expected to fall, are not as rosy. The Oct. 27 document forecasts a deficit of $495,000 in 2024, $1.45 million in 2025, $460,000 in 2026 and $524,000 in 2027, and a budget narrative predicts cuts at Church House.
“Years 2023 to 2027 in the trend indicate that in the absence of increased revenue, program cuts will likely be necessary,” it states.
.@generalsynod sees deficits, program cuts post-2023 "Years 2023 to 2027 in the trend indicate that in the absence of increased revenue, program cuts will likely be necessary." https://t.co/l1lUf8HRRP
— anglicanjournal (@anglicanjournal) December 12, 2022