{"id":22768,"date":"2010-11-07T16:00:55","date_gmt":"2010-11-07T16:00:55","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/cen-episcopal_church_in_cash_crunch\/"},"modified":"2010-11-07T16:00:55","modified_gmt":"2010-11-07T16:00:55","slug":"cen-episcopal_church_in_cash_crunch","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=22768","title":{"rendered":"CEN&#8211;Episcopal Church in cash crunch"},"content":{"rendered":"<p>The Episcopal Church\u2019s Executive Council has authorized its finance office to seek a $60 million line of credit to support the church\u2019s operations.  The loan will be secured by a mortgage on the church\u2019s headquarters at 815 Second Avenue in New York, and by offering as collateral its unrestricted endowment funds.<\/p>\n<p>The Oct 23-25 meeting in Salt Lake City of the church\u2019s governing council between meetings of its General Convention also voted to cut its budget by 5 per cent next year in response to a $2.1 million shortfall in income.<\/p>\n<p>A memorandum from the church\u2019s Finance Office to the 38 council members stated that diocesan contributions to the national church were expected to be $700,000 below budget, while cuts in spending at the national church offices were expected to depress income also.<\/p>\n<p><a href=\"http:\/\/geoconger.wordpress.com\/2010\/11\/06\/episcopal-church-in-cash-crunch-the-church-of-england-newspaper-nov-5-2010\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Episcopal Church\u2019s Executive Council has authorized its finance office to seek a $60 million line of credit to support the church\u2019s operations. The loan will be secured by a mortgage on the church\u2019s headquarters at 815 Second Avenue in<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=22768\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36,48,66,377,370,184,373,441,375],"tags":[],"class_list":["post-22768","post","type-post","status-publish","format-standard","hentry","category-anglican-episcopal","category-christian-life-church-life","category-episcopal-church-tec","category-executive-council","category-house-of-deputies-president","category-parish-ministry","category-presiding-bishop","category-stewardship","category-tec-data"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/22768","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22768"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/22768\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}