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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
Source
Council of General Synod. Minutes
Record Type
Resolution 15-05-14
Mover
Canon David Jones, Chancellor
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
Less detail

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
Source
Council of General Synod. Minutes
Record Type
Resolution 04-15-11 [sic i.e. 04-11-15]
Mover
Ms. Cynthia Haines-Turner
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]
Subjects
Anglican Church of Canada - Finance
Budget - Anglican Church of Canada
Less detail

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
Source
Council of General Synod. Minutes
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
Less detail

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
Source
Council of General Synod. Minutes
Record Type
Resolution 06-15-11 [sic i.e. 06-11-15]
Mover
Ms. Cynthia Haines-Turner
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]
Subjects
Anglican Church of Canada - Finance
Anglican Church of Canada. Ministry Investment Fund
Less detail

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
Source
Council of General Synod. Minutes
Record Type
Resolution 07-15-11 [sic i.e. 07-11-15]
Mover
Ms. Cynthia Haines-Turner
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]
Subjects
Anglican Church of Canada - Finance
Goschy, Hanna
Less detail
Date
2013 November 14-17
Source
Council of General Synod. Minutes
Record Type
Resolution 23-11-13
Date
2013 November 14-17
Source
Council of General Synod. Minutes
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
Less detail

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
Source
Council of General Synod. Minutes
Record Type
Resolution 14-15-11 [sic i.e. 14-11-15]
Mover
Mrs. Cynthia Haines-Turner
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
Less detail

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
Source
Council of General Synod. Minutes
Record Type
Resolution 15-15-11 [sic i.e. 15-11-15]
Mover
Mrs. Cynthia Haines-Turner
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
Less detail

8 records – page 1 of 1.