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2021 BUDGET #007-05-20-11 to 007-10-20-11 - 2021 Capital Budget

http://archives.anglican.ca/en/permalink/official10766
Date
2020 November 5-8
Source
Council of General Synod. Minutes
Record Type
Resolution 015-11-20
Date
2020 November 5-8
Source
Council of General Synod. Minutes
Record Type
Resolution 015-11-20
Mover
The Rev. Dr. Karen Egan
Seconder
Canon David P. Jones
Prologue
Ms. Goschy put before Council the motions from FMC’s report.
Text
Be it resolved: That the Council of General Synod approve 2021 Capital Budget with expenditures of $42,400. ADOPTED #CoGS 015-11-20
Subjects
Anglican Church of Canada - Finance
Budget - Anglican Church of Canada
Less detail

ADOPTION OF MINUTES #004-01-17-11

http://archives.anglican.ca/en/permalink/official10584
Date
2017 November 10-12
Source
Council of General Synod. Minutes
Record Type
Resolution 01-17-11 [sic i.e. 01-11-17]
Date
2017 November 10-12
Source
Council of General Synod. Minutes
Record Type
Resolution 01-17-11 [sic i.e. 01-11-17]
Mover
Canon David P. Jones
Seconder
Ms. Susan Little
Text
That the minutes of the meeting of the Council of General Synod from July 23-25, 2017, Document #004-01-17-11, be approved.
ADOPTED #01-17-11 [sic i.e. 01-11-17]
Notes
Before the meeting, an amendment to the minutes was noted by a Council member and corrected. The online meeting docket was updated to include the amended minutes.
Subjects
Anglican Church of Canada. Council of General Synod - Minutes
Less detail

Adoption of Minutes – November 2020

http://archives.anglican.ca/en/permalink/official10769
Date
2021 February 20
Source
Council of General Synod. Minutes
Record Type
Resolution 001-02-21
Date
2021 February 20
Source
Council of General Synod. Minutes
Record Type
Resolution 001-02-21
Mover
Mr. Chris Wood
Seconder
Canon David P. Jones
Text
That the minutes of the meeting of the Council of General Synod from November 5-8, 2020 (004-08-21-02) be approved. ADOPTED #CoGS 001-02-21
Subjects
Anglican Church of Canada. Council of General Synod - Minutes
Less detail

Adoption of the Agenda

http://archives.anglican.ca/en/permalink/official10740
Date
2020 July 25
Source
Council of General Synod. Minutes
Record Type
Resolution 001-07-20
Date
2020 July 25
Source
Council of General Synod. Minutes
Record Type
Resolution 001-07-20
Mover
Canon David P. Jones
Seconder
The Rt. Rev. Andrew Asbil
Text
That the agenda (003-13-20-07) for this meeting be approved. ADOPTED #CoGS 001-07-20
Subjects
Anglican Church of Canada. Council of General Synod - Agenda
Less detail

Anglican Church of Canada Consolidated Trust Fund Financial Statements

http://archives.anglican.ca/en/permalink/official10607
Date
2018 June 1-3
Source
Council of General Synod. Minutes
Record Type
Resolution 11-18-06 [sic i.e. 11-06-18]
Date
2018 June 1-3
Source
Council of General Synod. Minutes
Record Type
Resolution 11-18-06 [sic i.e. 11-06-18]
Mover
Ms. Cynthia Haines-Turner
Seconder
Canon David P. Jones
Prologue
AUDITED FINANCIAL STATEMENTS #007-16-18-06 to 007-22-18-06
Chair of the Financial Management Committee (FMC), Mr. Robert Saffrey, and the Most. Rev. Colin Johnson, Chair of the Audit Committee, presented FMC’s report and the audited financial statements for The Anglican Church of Canada Resolution Corporation, The Anglican Church of Canada Consolidated Trust Fund, and the General Synod of The Anglican Church of Canada. Ms. Hanna Goschy, Treasurer and CFO, was on hand to address questions from Council. Highlights from the presentation included the following:
- Archbishop Johnson reviewed the process for the audited financial statements and reminded Council that they approved the appointment of Grant Thornton LLP as auditor for General Synod fiscal 2017 at their June 23-25, 2017 meeting (see document #004-01-17-11, page 12). FMC recommends reappointment of Grant Thornton LLP for General Synod fiscal 2018.
- The audited financial statements were reviewed in detail and Council had the opportunity to ask questions.
- The overall revenue for General Synod of The Anglican Church of Canada for 2017 was $11,938,059, which is a decrease of $449,487 from 2016. Overall expenses totaled $11,416,845, which is $1,245,961 less than 2016. The resulting surplus of core revenues over expenses was $521,214.
- The operating fund surplus (before transfers to reserves) is $1,519,736. While the total investment income was $998,523, realized and unrealized capital gains amounted to $729,057 and do not form part of the operating budget as they fluctuate from year to year based on financial market returns. The surplus was still $790,639 after factoring out these gains. Staff vacancies have been filled and as a result, it is expected that the 2018 actual expenditures will be in line with budget and it is not expected a significant surplus will be seen again in 2018.
- Proportional giving from dioceses was slightly higher than budgeted, but $70,000 lower than 2016. Council was reminded that proportional giving is the largest source of revenue for General Synod.
- The Investment Sub-Committee has reviewed investment performance, as well as the asset mix, ranges, and benchmark indices within the current Statement of Investment Policy. Overall performance for the year ended December 31, 2017 was 8.1% versus a benchmark of 7.2%.
Questions and comments were welcomed. Among the questions asked, Council members inquired about: how many dioceses are net contributors (twenty); whether the Anglican Fund for Healing and Reconciliation and the Ministry Investment Funds are part of the totals for internally designated net assets in the Consolidated Trust Fund (they are not); the difference between governance and administration (governance includes CoGS, boards, committees, councils, and Council of the North while administration includes salaries and benefits); and General Synod’s administrative cost (thirteen percent, a very low cost for not-for-profit organizations).
The following resolutions were placed before Council.
Refer to document # 007-18-18-06
Text
THAT the Council of General Synod approve the audited financial statements of The Anglican Church of Canada Consolidated Trust Fund for the fiscal year ending December 31, 2017.
ADOPTED #11-18-06 [sic i.e. 11-06-18]
Subjects
Anglican Church of Canada - Finance
Anglican Church of Canada. Consolidated Trust Fund
Less detail

Anglican Church of Canada Resolution Corporation Financial Statements

http://archives.anglican.ca/en/permalink/official10608
Date
2018 June 1-3
Source
Council of General Synod. Minutes
Record Type
Resolution 12-18-06 [sic i.e. 12-06-18]
Date
2018 June 1-3
Source
Council of General Synod. Minutes
Record Type
Resolution 12-18-06 [sic i.e. 12-06-18]
Mover
Ms. Cynthia Haines-Turner
Seconder
Canon David P. Jones
Prologue
AUDITED FINANCIAL STATEMENTS #007-16-18-06 to 007-22-18-06
Chair of the Financial Management Committee (FMC), Mr. Robert Saffrey, and the Most. Rev. Colin Johnson, Chair of the Audit Committee, presented FMC’s report and the audited financial statements for The Anglican Church of Canada Resolution Corporation, The Anglican Church of Canada Consolidated Trust Fund, and the General Synod of The Anglican Church of Canada. Ms. Hanna Goschy, Treasurer and CFO, was on hand to address questions from Council. Highlights from the presentation included the following:
- Archbishop Johnson reviewed the process for the audited financial statements and reminded Council that they approved the appointment of Grant Thornton LLP as auditor for General Synod fiscal 2017 at their June 23-25, 2017 meeting (see document #004-01-17-11, page 12). FMC recommends reappointment of Grant Thornton LLP for General Synod fiscal 2018.
- The audited financial statements were reviewed in detail and Council had the opportunity to ask questions.
- The overall revenue for General Synod of The Anglican Church of Canada for 2017 was $11,938,059, which is a decrease of $449,487 from 2016. Overall expenses totaled $11,416,845, which is $1,245,961 less than 2016. The resulting surplus of core revenues over expenses was $521,214.
- The operating fund surplus (before transfers to reserves) is $1,519,736. While the total investment income was $998,523, realized and unrealized capital gains amounted to $729,057 and do not form part of the operating budget as they fluctuate from year to year based on financial market returns. The surplus was still $790,639 after factoring out these gains. Staff vacancies have been filled and as a result, it is expected that the 2018 actual expenditures will be in line with budget and it is not expected a significant surplus will be seen again in 2018.
- Proportional giving from dioceses was slightly higher than budgeted, but $70,000 lower than 2016. Council was reminded that proportional giving is the largest source of revenue for General Synod.
- The Investment Sub-Committee has reviewed investment performance, as well as the asset mix, ranges, and benchmark indices within the current Statement of Investment Policy. Overall performance for the year ended December 31, 2017 was 8.1% versus a benchmark of 7.2%.
Questions and comments were welcomed. Among the questions asked, Council members inquired about: how many dioceses are net contributors (twenty); whether the Anglican Fund for Healing and Reconciliation and the Ministry Investment Funds are part of the totals for internally designated net assets in the Consolidated Trust Fund (they are not); the difference between governance and administration (governance includes CoGS, boards, committees, councils, and Council of the North while administration includes salaries and benefits); and General Synod’s administrative cost (thirteen percent, a very low cost for not-for-profit organizations).
The following resolutions were placed before Council.
Refer to document # 007-19-18-06
Text
THAT the Council of General Synod approve the audited financial statements of The Anglican Church of Canada Resolution Corporation for the fiscal year ending December 31, 2017.
ADOPTED #12-18-06 [sic i.e. 12-06-18]
Subjects
Anglican Church of Canada - Finance
Anglican Church of Canada Resolution Corporation
Less detail

Appointment of Auditors

http://archives.anglican.ca/en/permalink/official10610
Date
2018 June 1-3
Source
Council of General Synod. Minutes
Record Type
Resolution 14-18-06 [sic i.e. 14-06-18]
Date
2018 June 1-3
Source
Council of General Synod. Minutes
Record Type
Resolution 14-18-06 [sic i.e. 14-06-18]
Mover
Ms. Cynthia Haines-Turner
Seconder
Canon David P. Jones
Prologue
AUDITED FINANCIAL STATEMENTS #007-16-18-06 to 007-22-18-06
Chair of the Financial Management Committee (FMC), Mr. Robert Saffrey, and the Most. Rev. Colin Johnson, Chair of the Audit Committee, presented FMC’s report and the audited financial statements for The Anglican Church of Canada Resolution Corporation, The Anglican Church of Canada Consolidated Trust Fund, and the General Synod of The Anglican Church of Canada. Ms. Hanna Goschy, Treasurer and CFO, was on hand to address questions from Council. Highlights from the presentation included the following:
- Archbishop Johnson reviewed the process for the audited financial statements and reminded Council that they approved the appointment of Grant Thornton LLP as auditor for General Synod fiscal 2017 at their June 23-25, 2017 meeting (see document #004-01-17-11, page 12). FMC recommends reappointment of Grant Thornton LLP for General Synod fiscal 2018.
- The audited financial statements were reviewed in detail and Council had the opportunity to ask questions.
- The overall revenue for General Synod of The Anglican Church of Canada for 2017 was $11,938,059, which is a decrease of $449,487 from 2016. Overall expenses totaled $11,416,845, which is $1,245,961 less than 2016. The resulting surplus of core revenues over expenses was $521,214.
- The operating fund surplus (before transfers to reserves) is $1,519,736. While the total investment income was $998,523, realized and unrealized capital gains amounted to $729,057 and do not form part of the operating budget as they fluctuate from year to year based on financial market returns. The surplus was still $790,639 after factoring out these gains. Staff vacancies have been filled and as a result, it is expected that the 2018 actual expenditures will be in line with budget and it is not expected a significant surplus will be seen again in 2018.
- Proportional giving from dioceses was slightly higher than budgeted, but $70,000 lower than 2016. Council was reminded that proportional giving is the largest source of revenue for General Synod.
- The Investment Sub-Committee has reviewed investment performance, as well as the asset mix, ranges, and benchmark indices within the current Statement of Investment Policy. Overall performance for the year ended December 31, 2017 was 8.1% versus a benchmark of 7.2%.
Questions and comments were welcomed. Among the questions asked, Council members inquired about: how many dioceses are net contributors (twenty); whether the Anglican Fund for Healing and Reconciliation and the Ministry Investment Funds are part of the totals for internally designated net assets in the Consolidated Trust Fund (they are not); the difference between governance and administration (governance includes CoGS, boards, committees, councils, and Council of the North while administration includes salaries and benefits); and General Synod’s administrative cost (thirteen percent, a very low cost for not-for-profit organizations).
The following resolutions were placed before Council.
Refer to document # 007-22-18-06
Text
THAT the Council of General Synod approve the appointment of Grant Thornton LLP as auditor for General Synod for fiscal 2018, at a fee determined by the Audit Committee.
ADOPTED #14-18-06 [sic i.e. 14-06-18]
Subjects
Anglican Church of Canada - Auditing
Less detail

Changes to the Statement of Investment Policy

http://archives.anglican.ca/en/permalink/official10609
Date
2018 June 1-3
Source
Council of General Synod. Minutes
Record Type
Resolution 13-18-06 [sic i.e. 13-06-18]
Date
2018 June 1-3
Source
Council of General Synod. Minutes
Record Type
Resolution 13-18-06 [sic i.e. 13-06-18]
Mover
Ms. Cynthia Haines-Turner
Seconder
Canon David P. Jones
Prologue
AUDITED FINANCIAL STATEMENTS #007-16-18-06 to 007-22-18-06
Chair of the Financial Management Committee (FMC), Mr. Robert Saffrey, and the Most. Rev. Colin Johnson, Chair of the Audit Committee, presented FMC’s report and the audited financial statements for The Anglican Church of Canada Resolution Corporation, The Anglican Church of Canada Consolidated Trust Fund, and the General Synod of The Anglican Church of Canada. Ms. Hanna Goschy, Treasurer and CFO, was on hand to address questions from Council. Highlights from the presentation included the following:
- Archbishop Johnson reviewed the process for the audited financial statements and reminded Council that they approved the appointment of Grant Thornton LLP as auditor for General Synod fiscal 2017 at their June 23-25, 2017 meeting (see document #004-01-17-11, page 12). FMC recommends reappointment of Grant Thornton LLP for General Synod fiscal 2018.
- The audited financial statements were reviewed in detail and Council had the opportunity to ask questions.
- The overall revenue for General Synod of The Anglican Church of Canada for 2017 was $11,938,059, which is a decrease of $449,487 from 2016. Overall expenses totaled $11,416,845, which is $1,245,961 less than 2016. The resulting surplus of core revenues over expenses was $521,214.
- The operating fund surplus (before transfers to reserves) is $1,519,736. While the total investment income was $998,523, realized and unrealized capital gains amounted to $729,057 and do not form part of the operating budget as they fluctuate from year to year based on financial market returns. The surplus was still $790,639 after factoring out these gains. Staff vacancies have been filled and as a result, it is expected that the 2018 actual expenditures will be in line with budget and it is not expected a significant surplus will be seen again in 2018.
- Proportional giving from dioceses was slightly higher than budgeted, but $70,000 lower than 2016. Council was reminded that proportional giving is the largest source of revenue for General Synod.
- The Investment Sub-Committee has reviewed investment performance, as well as the asset mix, ranges, and benchmark indices within the current Statement of Investment Policy. Overall performance for the year ended December 31, 2017 was 8.1% versus a benchmark of 7.2%.
Questions and comments were welcomed. Among the questions asked, Council members inquired about: how many dioceses are net contributors (twenty); whether the Anglican Fund for Healing and Reconciliation and the Ministry Investment Funds are part of the totals for internally designated net assets in the Consolidated Trust Fund (they are not); the difference between governance and administration (governance includes CoGS, boards, committees, councils, and Council of the North while administration includes salaries and benefits); and General Synod’s administrative cost (thirteen percent, a very low cost for not-for-profit organizations).
The following resolutions were placed before Council.
Refer to document # 007-22-18-06
Text
THAT the Council of General Synod approve the changes to the Statement of Investment Policy as recommended by the Investment Committee and Financial Management Committee.
ADOPTED #13-18-06 [sic i.e. 13-06-18]
Subjects
Investments - Moral and ethical aspects
Investments - Religious aspects - Anglican Church of Canada
Corporate social responsibility - Anglican Church of Canada
Less detail

General Synod of The Anglican Church of Canada Financial Statements

http://archives.anglican.ca/en/permalink/official10606
Date
2018 June 1-3
Source
Council of General Synod Minutes
Record Type
Resolution 10-18-06 [sic i.e. 10-06-18]
Date
2018 June 1-3
Source
Council of General Synod Minutes
Record Type
Resolution 10-18-06 [sic i.e. 10-06-18]
Mover
Ms. Cynthia Haines-Turner
Seconder
Canon David P. Jones
Prologue
AUDITED FINANCIAL STATEMENTS #007-16-18-06 to 007-22-18-06
Chair of the Financial Management Committee (FMC), Mr. Robert Saffrey, and the Most. Rev. Colin Johnson, Chair of the Audit Committee, presented FMC’s report and the audited financial statements for The Anglican Church of Canada Resolution Corporation, The Anglican Church of Canada Consolidated Trust Fund, and the General Synod of The Anglican Church of Canada. Ms. Hanna Goschy, Treasurer and CFO, was on hand to address questions from Council. Highlights from the presentation included the following:
- Archbishop Johnson reviewed the process for the audited financial statements and reminded Council that they approved the appointment of Grant Thornton LLP as auditor for General Synod fiscal 2017 at their June 23-25, 2017 meeting (see document #004-01-17-11, page 12). FMC recommends reappointment of Grant Thornton LLP for General Synod fiscal 2018.
- The audited financial statements were reviewed in detail and Council had the opportunity to ask questions.
- The overall revenue for General Synod of The Anglican Church of Canada for 2017 was $11,938,059, which is a decrease of $449,487 from 2016. Overall expenses totaled $11,416,845, which is $1,245,961 less than 2016. The resulting surplus of core revenues over expenses was $521,214.
- The operating fund surplus (before transfers to reserves) is $1,519,736. While the total investment income was $998,523, realized and unrealized capital gains amounted to $729,057 and do not form part of the operating budget as they fluctuate from year to year based on financial market returns. The surplus was still $790,639 after factoring out these gains. Staff vacancies have been filled and as a result, it is expected that the 2018 actual expenditures will be in line with budget and it is not expected a significant surplus will be seen again in 2018.
- Proportional giving from dioceses was slightly higher than budgeted, but $70,000 lower than 2016. Council was reminded that proportional giving is the largest source of revenue for General Synod.
- The Investment Sub-Committee has reviewed investment performance, as well as the asset mix, ranges, and benchmark indices within the current Statement of Investment Policy. Overall performance for the year ended December 31, 2017 was 8.1% versus a benchmark of 7.2%.
Questions and comments were welcomed. Among the questions asked, Council members inquired about: how many dioceses are net contributors (twenty); whether the Anglican Fund for Healing and Reconciliation and the Ministry Investment Funds are part of the totals for internally designated net assets in the Consolidated Trust Fund (they are not); the difference between governance and administration (governance includes CoGS, boards, committees, councils, and Council of the North while administration includes salaries and benefits); and General Synod’s administrative cost (thirteen percent, a very low cost for not-for-profit organizations).
The following resolutions were placed before Council.
Refer to document # 007-17-18-06
Text
THAT the Council of General Synod approve the audited financial statements of the General Synod of The Anglican Church of Canada for the fiscal year ending December 31, 2017.
ADOPTED #10-18-06 [sic i.e. 10-06-18]
Subjects
Anglican Church of Canada - Finance
Budget - Anglican Church of Canada
Proportional giving
Less detail

GOVERNANCE WORKING GROUP #027-05-20-11 to 027-07-20-11 - Determining Number of Delegates for General Synod 2022

http://archives.anglican.ca/en/permalink/official10758
Date
2020 November 5-8
Source
Council of General Synod. Minutes
Record Type
Resolution 007-11-20
Date
2020 November 5-8
Source
Council of General Synod. Minutes
Record Type
Resolution 007-11-20
Mover
Canon David P. Jones
Seconder
The Rev. Dr. Karen Egan
Prologue
Canon Jones concluded the presentation by putting forward a motion on determining the number of delegates to General Synod 2022. The need for the motion was discussed (see 027-07-20-11).
Text
THAT the number of clergy and lay delegates for General Synod 2022 be determined by reference only to the four specified dates (Easter, Pentecost, the 2nd Sunday of September, and Christmas) in 2019. ADOPTED #CoGS 007-11-20
Subjects
Anglican Church of Canada. General Synod - Government
Anglican Church of Canada - Structure
Anglican Church of Canada. Governance Working Group
Less detail

25 records – page 1 of 3.