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- Mr. James Sweeny
FINANCIAL MANAGEMENT COMMITTEE #007-07-14-05 to 07-14-14-05 : Ministry Investment Fund (MIF) # 007-12-14-05 : Revised Ministry Investment Fund criteria
http://archives.anglican.ca/en/permalink/official10479
- Date
- 2014 May 3-5
- Source
- Council of General Synod. Minutes
- Record Type
- Resolution 15-05-14
- Date
- 2014 May 3-5
- Record Type
- Resolution 15-05-14
- Seconder
- Mr. James Sweeny
- Prologue
- Canon Bob Falby, the CoGS representative on the Committee, introduced the Financial Management Committee (FMC) presentation and the participants:
- - Mr. Dave MacNicol, a member of the Investment Sub-committee of FMC for the Revised Statement of Investment
- - Ms. Haroldine Neil-Burchert, Audit Committee on behalf of Archbishop Colin Johnson
- - General Secretary and Prolocutor for the revised Ministry Investment Fund (MIF) Criteria.
- Ministry Investment Fund (MIF) # 007-12-14-05
- The General Secretary and the Prolocutor explained that the MIF was created to end the funding of operational deficits with unrestricted bequests to the Anglican Church of Canada and that the policy called for a review of fund criteria by the Financial Management Committee.
- The General Secretary explained that the proposed changes better reflect how General Synod works and formalizes the practice of carrying forward grants if unspent in the year.
- Text
- That the Council of General Synod approve the revised policy for the administration and determination of grants from the Ministry Investment Fund.
- ADOPTED #15-05-14
- Subjects
- Anglican Church of Canada. Ministry Investment Fund
- Anglican Church of Canada. Financial Management Committee
- Anglican Church of Canada - Finance
FINANCIAL MANAGEMENT COMMITTEE 07 32-37 15 11
http://archives.anglican.ca/en/permalink/official10517
- Date
- 2015 November 13-15
- Source
- Council of General Synod. Minutes
- Record Type
- Resolution 04-15-11 [sic i.e. 04-11-15]
- Date
- 2015 November 13-15
- Record Type
- Resolution 04-15-11 [sic i.e. 04-11-15]
- Seconder
- Mr. James Sweeny
- Prologue
- Ms. Hanna Goschy, Treasurer, led the presentation covering the Ministry Investment Fund (MIF) approved grants for November 2015, the proposed Statement of Investment Policy revisions, the third quarter 2015 revenues and expenditures, and the 2016 proposed budget.
- It was noted that the 2016 budget is conservative but realistic and that the years 2016 – 2020 show a modest, year-after-year surplus. She advised that the budget is realistic, achievable and sustainable.
- Text
- Be it resolved:
- That the Council of General Synod approve the 2016 Budget with a surplus of $40,800.
- CARRIED #04-15-11 [sic i.e. 04-11-15]
FINANCIAL MANAGEMENT COMMITTEE 07 32-37 15 11
http://archives.anglican.ca/en/permalink/official10518
- Date
- 2015 November 13-15
- Source
- Council of General Synod. Minutes
- Record Type
- Resolution 05-15-11 [sic i.e. 05-11-15]
- Date
- 2015 November 13-15
- Record Type
- Resolution 05-15-11 [sic i.e. 05-11-15]
- Mover
- Mr. James Sweeny
- Seconder
- Ms. Cynthia Haines-Turner
- Prologue
- Ms. Hanna Goschy, Treasurer, led the presentation covering the Ministry Investment Fund (MIF) approved grants for November 2015, the proposed Statement of Investment Policy revisions, the third quarter 2015 revenues and expenditures, and the 2016 proposed budget.
- It was noted that the 2016 budget is conservative but realistic and that the years 2016 – 2020 show a modest, year-after-year surplus. She advised that the budget is realistic, achievable and sustainable.
- Text
- Be it resolved:
- That the Council of General Synod approve the grants recommended by the Ministry Investment Fund Committee as outline in document #007-33-15-11 totaling
- - $103,000 for 2016
- - $15,000 for 2017
- CARRIED #05-15-11 [sic i.e. 05-11-15]
- Subjects
- Anglican Church of Canada - Finance
- Anglican Church of Canada. Ministry Investment Fund - Grants
FINANCIAL MANAGEMENT COMMITTEE 07 32-37 15 11
http://archives.anglican.ca/en/permalink/official10519
- Date
- 2015 November 13-15
- Source
- Council of General Synod. Minutes
- Record Type
- Resolution 06-15-11 [sic i.e. 06-11-15]
- Date
- 2015 November 13-15
- Record Type
- Resolution 06-15-11 [sic i.e. 06-11-15]
- Seconder
- Mr. James Sweeny
- Prologue
- Ms. Hanna Goschy, Treasurer, led the presentation covering the Ministry Investment Fund (MIF) approved grants for November 2015, the proposed Statement of Investment Policy revisions, the third quarter 2015 revenues and expenditures, and the 2016 proposed budget.
- It was noted that the 2016 budget is conservative but realistic and that the years 2016 – 2020 show a modest, year-after-year surplus. She advised that the budget is realistic, achievable and sustainable.
- Text
- Be it resolved:
- That the Ministry Investment Fund policy document be revised as indicated in document #007 34 154 11.
- CARRIED #06-15-11 [sic i.e. 06-11-15]
FINANCIAL MANAGEMENT COMMITTEE 07 32-37 15 11
http://archives.anglican.ca/en/permalink/official10520
- Date
- 2015 November 13-15
- Source
- Council of General Synod. Minutes
- Record Type
- Resolution 07-15-11 [sic i.e. 07-11-15]
- Date
- 2015 November 13-15
- Record Type
- Resolution 07-15-11 [sic i.e. 07-11-15]
- Seconder
- Mr. James Sweeny
- Prologue
- Ms. Hanna Goschy, Treasurer, led the presentation covering the Ministry Investment Fund (MIF) approved grants for November 2015, the proposed Statement of Investment Policy revisions, the third quarter 2015 revenues and expenditures, and the 2016 proposed budget.
- It was noted that the 2016 budget is conservative but realistic and that the years 2016 – 2020 show a modest, year-after-year surplus. She advised that the budget is realistic, achievable and sustainable.
- Text
- The Primate thanked Ms. Goschy for her presentation.
- CARRIED #07-15-11 [sic i.e. 07-11-15]
- Date
- 2013 November 14-17
- Source
- Council of General Synod. Minutes
- Record Type
- Resolution 23-11-13
- Date
- 2013 November 14-17
- Record Type
- Resolution 23-11-13
- Mover
- Mr. James Sweeny
- Seconder
- Ms. Marion Jenkins
- Text
- That, to the greatest extent possible, General Synod materials be sourced in a socially, environmentally and ethically responsible manner.
- ADOPTED #23-11-13
- Subjects
- Ecology - Religious aspects - Anglican Church of Canada
- Environmental protection - Religious aspects - Anglican Church of Canada
STATEMENT OF INVESTMENT POLICY : Amend the Statement of Investment Policy
http://archives.anglican.ca/en/permalink/official10527
- Date
- 2015 November 13-15
- Source
- Council of General Synod. Minutes
- Record Type
- Resolution 14-15-11 [sic i.e. 14-11-15]
- Date
- 2015 November 13-15
- Record Type
- Resolution 14-15-11 [sic i.e. 14-11-15]
- Seconder
- Mr. James Sweeny
- Prologue
- The Primate introduced Mr. Rob Saffrey and Mr. Dave MacNicol from the investments sub-committee of the Financial Management Committee.
- Mr. MacNicol provided background and rational for two resolutions which would bring the church’s investments more in line with the changing market:
- Text
- Be it resolved that:
- 1) The Council of General Synod amend the Statement of Investment Policy as follows:
- - For Bonds, reduce the strategic target to 30% (from 35%) and revise the range to 30% - 75% (currently 30% - 80%);
- - For Market Neutral Strategies, increase the strategic target to 10% (from 5%) and the maximum of the range to 10% (from 5%);
- - Replace all instances of “Market Neutral Hedge Fund” and “Market Neutral Strategies”.
- CARRIED #14-15-11 [sic i.e. 14-11-15]
- Subjects
- Anglican Church of Canada - Finance
- Anglican Church of Canada. Financial Management Committee. Investments Sub-Committee
- Investments - Religious aspects - Anglican Church of Canada
- MacNicol, David
STATEMENT OF INVESTMENT POLICY : Amend the Statement of Investment Policy
http://archives.anglican.ca/en/permalink/official10528
- Date
- 2015 November 13-15
- Source
- Council of General Synod. Minutes
- Record Type
- Resolution 15-15-11 [sic i.e. 15-11-15]
- Date
- 2015 November 13-15
- Record Type
- Resolution 15-15-11 [sic i.e. 15-11-15]
- Seconder
- Mr. James Sweeny
- Prologue
- The Primate introduced Mr. Rob Saffrey and Mr. Dave MacNicol from the investments sub-committee of the Financial Management Committee.
- Mr. MacNicol provided background and rational for two resolutions which would bring the church’s investments more in line with the changing market:
- Text
- Be it resolved that:
- The Council of General Synod amends the Statement of Investment Policy as follows:
- 2) For Canadian Equities, reduce the strategic target to 22.5% (from 30%); For Foreign Equities, increase the strategic target to 22.5% (from 15%) and revise the range to 15% - 60% (current 0% - 30%)
- CARRIED #15-15-11 [sic i.e. 15-11-15]
- Subjects
- Anglican Church of Canada - Finance
- Anglican Church of Canada. Financial Management Committee. Investments Sub-Committee
- Investments - Religious aspects - Anglican Church of Canada
- MacNicol, David