Skip header and navigation

Refine By

   MORE

20 records – page 1 of 2.

Appointment of Audit Committee

http://archives.anglican.ca/en/permalink/official10563
Date
2016 November 17-20
Source
Council of General Synod. Minutes
Record Type
Resolution 07-11-16
Date
2016 November 17-20
Source
Council of General Synod. Minutes
Record Type
Resolution 07-11-16
Mover
Canon David Jones
Seconder
The Rev. Canon Robert Towler
Prologue
Auditor for 2017
Ms. Goschy informed the Council that the Audit Committee was in the process of selecting an auditor for 2017. With a change in the audit engagement partner at Ernst & Young and in keeping with best practices, a request for proposal was made for the General Synod’s audit service. The Audit Committee was in the midst of follow-up work. Their recommendation and rationale will be sent to the Council via email with a resolution to be voted on by e-ballot.
Text
That the Council of General Synod appoint the following individuals to Audit Committee for the 2016-2019 triennium.
- The Most Reverend Colin Johnson - reappointment as Chair
- Philip Arthur - reappointment
- Peter Lewis - reappointment
- Paul Singleton - reappointment
- James Sweeney - member of Financial Management Committee 2016-2019
ADOPTED #07-11-16
Subjects
Anglican Church of Canada - Auditing
Auditors - Canada
Anglican Church of Canada. Audit Committee - Membership
Less detail

Appointment of Auditors

http://archives.anglican.ca/en/permalink/official9735
Date
2010 June 3-11
Source
General Synod. Minutes
Record Type
Act 23
Date
2010 June 3-11
Source
General Synod. Minutes
Record Type
Act 23
Mover
Mr. Robert Dickson
Seconder
The Rt. Rev. Michael Hawkins
Text
That this General Synod approve the appointment of the chartered accounting firm of Ernst & Young LLP as the Auditors for the General Synod of the Anglican Church of Canada, the Anglican Church of Canada Consolidated Trust Fund and the Anglican Church of Canada Resolution Corporation, for the fiscal year of 2010.
CARRIED Act 23
Subjects
Anglican Church of Canada - Auditing
Auditors - Canada
Less detail

Appointment of Auditors

http://archives.anglican.ca/en/permalink/official10371
Date
2013 July 3-7
Source
General Synod. Minutes
Record Type
Act 28
Date
2013 July 3-7
Source
General Synod. Minutes
Record Type
Act 28
Mover
The Most Rev. Colin Johnson
Seconder
Mr. Robert Dickson
Text
That this General Synod approve the appointment of the chartered accounting firm of Ernst & Young LLP as Auditor for the General Synod of the Anglican Church of Canada Consolidated Trust Fund and the Anglican Church of Canada Resolution Corporation for the 2013 financial year for the following audit fees:
The General Synod of the Anglican Church of Canada $49,300
The Anglican Church of Canada Consolidated Trust Fund $19,950
The Anglican Church of Canada Resolution Corporation $8,350
CARRIED Act 28
Subjects
Anglican Church of Canada. Financial Management Committee
Anglican Church of Canada - Auditing
Less detail

Appointment of Auditors

http://archives.anglican.ca/en/permalink/official10579
Date
2017 June 23-25
Source
Council of General Synod. Minutes
Record Type
Resolution 07-17-06 [sic i.e. 07-06-17]
Date
2017 June 23-25
Source
Council of General Synod. Minutes
Record Type
Resolution 07-17-06 [sic i.e. 07-06-17]
Mover
The Rt. Rev. Fraser Lawton
Seconder
Ms. Cynthia Haines-Turner
Prologue
AUDITED FINANCIAL STATEMENTS #007-05-17-06 to 10-17-06
The Treasurer and CFO of General Synod, Ms. Hanna Goschy, and the Rt. Rev. Fraser Lawton presented 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, along with the report from the Financial Management Committee. Bishop Lawton, Council’s representative on the Committee, presented the statements and included the following in his commentary.
- The role of the Financial Management Committee is to monitor actual performance against the budget.
- The audit process for 2016 was delayed for the Audit Committee’s review of responses received to a Request for Proposal for Audit Services. Grant Thornton LLP was recommended and subsequently approved by Council through an electronic vote. The 2017 audit process will begin on June 24, 2017.
- Membership for the Audit Committee includes: the Most. Rev. Colin Johnson (Chair), Mr. Philip Arthur, Mr. Peter Lewis, Mr. Paul Singleton, and Mr. James Sweeney.
- The Anglican Church of Canada Resolution Corporation originally included funds for the Settlement Fund (expended by end of 2016) and the Anglican Fund for Healing and Reconciliation. Funds are administered by the General Synod.
- The Investment Sub-Committee provides investment oversight.
- General Synod is already saving for General Synod 2019.
The following resolutions were put before Council:
Text
That the Council of General Synod approve the appointment of Grant Thornton LLP as auditor for General Synod for fiscal 2017, at a fee determined by the Audit Committee
ADOPTED #07-17-06 [sic i.e. 01-06-17]
Subjects
Anglican Church of Canada - Auditing
Anglican Church of Canada - Finance
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
Date
2016 November 17-20
Source
Council of General Synod. Minutes
Record Type
Resolution 03-11-16
Date
2016 November 17-20
Source
Council of General Synod. Minutes
Record Type
Resolution 03-11-16
Mover
Ms. Cynthia Haines-Turner
Seconder
The Ven. Dr. Lynne McNaughton
Prologue
Deputy Prolocutor and Chair of the Nominations Committee, the Ven. Dr. Lynne McNaughton, presented a series of resolutions from the Nominations Committee to ratify individuals appointed to the Responsible Investment Working Group, Joint Anglican Lutheran Commission, and the Audit Committee.
Text
That the Council of General Synod appoint the following individuals to the Audit Committee for the 2016 – 2019 triennium:
- The Most Rev. Colin Johnson – reappointment as Chair
- Philip Arthur – reappointment
- Peter Lewis – reappointment
- Paul Singleton – reappointment
- James Sweeny – member of the Financial Management Committee 2016-2019
ADOPTED #03-11-16
Notes
Archdeacon McNaughton also spoke to the election scheduled for Saturday for the Ministry Investment Fund Sub-Committee (MIF Sub-Committee). This Sub-Committee is a sub-committee of the Financial Management Committee. The deadline for Council members to submit their nominations was Friday, November 18 at 8:30 PM.
Subjects
Anglican Church of Canada - Auditing
Auditors - Canada
Anglican Church of Canada. Audit Committee - Membership
Less detail

AUDIT COMMITTEE REPORT #031-02-12-05 : Accounting Principles – CICA Handbook

http://archives.anglican.ca/en/permalink/official9894
Date
2012 May 24-27
Source
Council of General Synod. Minutes
Record Type
Resolution 09-05-12
Date
2012 May 24-27
Source
Council of General Synod. Minutes
Record Type
Resolution 09-05-12
Mover
The Most Rev. Colin Johnson
Seconder
The Rt. Rev. James Cowan
Prologue
Archbishop Colin Johnson presented the report.
Text
That the Council of the General Synod ratify the Audit Committee’s acceptance of the auditors’ recommendation to adopt the accounting principles for not-for-profit organizations in Part III of the Canadian Institute of Chartered Accountants Handbook effective in the 2012 fiscal year.
ADOPTED #09-05-12
Subjects
Anglican Church of Canada - Finance
Anglican Church of Canada - Auditing
Less detail

AUDIT COMMITTEE REPORT #031-02-12-05 : Appointment of Auditors

http://archives.anglican.ca/en/permalink/official9893
Date
2012 May 24-27
Source
Council of General Synod. Minutes
Record Type
Resolution 08-05-12
Date
2012 May 24-27
Source
Council of General Synod. Minutes
Record Type
Resolution 08-05-12
Mover
The Most Rev. Colin Johnson
Seconder
The Rt. Rev. James Cowan
Prologue
Archbishop Colin Johnson presented the report.
Text
That the chartered accounting firm of Ernst & Young be appointed as the Auditors for The General Synod of The Anglican Church of Canada, The Anglican Church of Canada Consolidated Trust Fund and The Anglican Church of Canada Resolution Corporation, for the fiscal year of 2012 for the following fees:
The General Synod of the Anglican Church of Canada $48,125
The Anglican Church of Canada Consolidated Trust Fund $19,475
The Anglican Church of Canada Resolution Corporation $8,150
[Total] $75,750
ADOPTED #08-05-12
Subjects
Anglican Church of Canada - Finance
Anglican Church of Canada - Auditing
Less detail

AUDIT COMMITTEE REPORT #031-02-12-05 : The General Synod of the Anglican Church of Canada

http://archives.anglican.ca/en/permalink/official9890
Date
2012 May 24-27
Source
Council of General Synod. Minutes
Record Type
Resolution 05-05-12
Date
2012 May 24-27
Source
Council of General Synod. Minutes
Record Type
Resolution 05-05-12
Mover
The Most Rev. Colin Johnson
Seconder
The Rt. Rev. James Cowan
Prologue
Archbishop Colin Johnson presented the report.
Text
That the Financial Statements of The General Synod of the Anglican Church of Canada for the fiscal year ended as at December 31, 2011, be approved.
ADOPTED #05-05-12
Subjects
Anglican Church of Canada - Finance
Anglican Church of Canada - Auditing
Less detail

Audited Financial Statements

http://archives.anglican.ca/en/permalink/official10370
Date
2013 July 3-7
Source
General Synod. Minutes
Record Type
Act 27
Date
2013 July 3-7
Source
General Synod. Minutes
Record Type
Act 27
Mover
The Most Rev. Colin Johnson
Seconder
Mr. Robert Dickson
Prologue
The Primate welcomed Mr. Robert Dickson, Chair of the Financial Management Committee. Mr. Dickson introduced the Treasurer, Hanna Goschy, and presented the report of the Financial Management Committee.
Ms. Goschy reviewed the financial statements of the General Synod of the Anglican Church of Canada, the Anglican Church of Canada Consolidated Trust Fund and the Anglican Church of Canada Resolution Corporation for the year ended December 31, 2012.
The Most Rev. Colin Johnson was also at the podium as Chair of the Audit Committee.
Text
That this General Synod approve the Audited Financial Statements of the General Synod of the Anglican Church of Canada, the Anglican Church of Canada Consolidated Trust Fund and the Anglican Church of Canada Resolution Corporation for the 2012 financial year.
CARRIED Act 27
Subjects
Anglican Church of Canada. Financial Management Committee
Anglican Church of Canada - Auditing
Anglican Church of Canada - Finance
Anglican Church of Canada. Consolidated Trust Fund - Auditing
Anglican Church of Canada Resolution Corporation - Auditing
Less detail

20 records – page 1 of 2.