Crafting a three-year budget more than a year in advance of its starting date is never an easy task, but the Episcopal Church’s Joint Standing Committee on Program, Budget and Finance (PB&F) acknowledged this week that the work is even tougher given the world’s economic crisis.
The committee met March 24-27 at the Maritime Institute’s Conference Center to begin work on the church’s 2010-2012 triennial budget, which it will present for the 76th General Convention’s approval this summer in Anaheim, California. Speaking to the timeframe involved in the effort, Episcopal Church Treasurer Kurt Barnes pointed out that work on the budget began six months ago and that Executive Council approved a draft version two months ago.
“The world has changed a couple of times” during that period, he said. The budget will not be complete until General Convention approves it, a vote now scheduled for July 16. The budget takes effect January 1, 2010.