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(Anglican Journal) Balanced 2012 budget approved by Ang Ch. of Canada Council of General Synod

Posted on November 21, 2011 by Kendall Harmon

The Council of General Synod (CoGS) has approved a balanced 2012 budget for the national church of $12.698 million.

At its Nov. 18-20 meeting here, a balanced budget was also forecast for 2013 with “no further staffing cuts” before 2016.

That’s the good news. The bad news is that declining revenues coupled with cost-push inflation could mean that General Synod will once again face a deficit budget in 2014. This deficit could balloon to $1 million by 2016, according to a report submitted to CoGS by the church’s Financial Management Committee (FMC).

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