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102 records – page 1 of 11.

Date
1971 January - February
Source
General Synod. Minutes
Record Type
Resolution
Act [4]
Date
1971 January - February
Source
General Synod. Minutes
Record Type
Resolution
Act [4]
Mover
Chancellor R.H. Soward
Seconder
The Right Reverend F.R. Gartrell, Bishop of British Columbia
Text
That for this Twenty-fifth Session of this Synod, sub-section 8 of section 28 Part V of the Constitution, (page 26), be suspended, and that for the year 1971 the General Synod Assessment be due and payable on or before September 30, 1971. CARRIED IN BOTH HOUSES
Notes
[Recorded as No. 4 in Acts of Synod, p. 66. List of Acts includes actions which are NOT resolutions/acts.]
Subjects
Anglican Church of Canada - Finance
Assessment budget - Anglican Church of Canada
Anglican Church of Canada. General Synod. Constitution
Less detail

1988 Consolidated Financial Statements of the General Synod

http://archives.anglican.ca/en/permalink/official9257
Date
1989 June 15-23
Source
General Synod. Minutes
Record Type
Act 46
Date
1989 June 15-23
Source
General Synod. Minutes
Record Type
Act 46
Mover
Mr. G.A.J. Axon
Seconder
Rev. Canon R.E. Grisdale
Text
That the 1988 Consolidated Financial Statements of the General Synod of the Anglican Church of Canada, with the appended Auditors' Report, be approved. CARRIED WITHOUT DEBATE Act 46
Subjects
Anglican Church of Canada - Finance
Anglican Church of Canada - Auditing
Less detail

1988 Financial Statements - Pension Fund

http://archives.anglican.ca/en/permalink/official9258
Date
1989 June 15-23
Source
General Synod. Minutes
Record Type
Act 50
Date
1989 June 15-23
Source
General Synod. Minutes
Record Type
Act 50
Mover
Rt. Rev. A.D. Brown
Seconder
Ven. M.J. Caswell
Text
That the 1988 audited financial statements of the Pension Fund of the Anglican Church of Canada be approved. CARRIED WITHOUT DEBATE Act 50
Subjects
Anglican Church of Canada - Finance
Pensions - Anglican Church of Canada
Anglican Church of Canada - Auditing
Less detail

1997 Financial Statements

http://archives.anglican.ca/en/permalink/official7215
Date
1998 May 21-29
Source
General Synod. Minutes
Record Type
Act 59
Date
1998 May 21-29
Source
General Synod. Minutes
Record Type
Act 59
Mover
Canon C. Throp
Seconder
Bishop T. Morgan
Text
That this General Synod approve the 1997 Audited Financial Statements of the General Synod Pension Plan of the Anglican Church of Canada. CARRIED Act 59
Subjects
Pensions - Anglican Church of Canada
Anglican Church of Canada - Finance
Less detail

1997 Financial Statements

http://archives.anglican.ca/en/permalink/official7238
Date
1998 May 21-29
Source
General Synod. Minutes
Record Type
Act 80
Date
1998 May 21-29
Source
General Synod. Minutes
Record Type
Act 80
Mover
Canon M. Iveson
Seconder
Mr. R. Dickson
Text
That this General Synod approve the 1997 audited consolidated financial statements of the General Synod of the Anglican Church of Canada. CARRIED Act 80
Notes
Canon Iveson expressed appreciation to the Treasurer, Mr. Jim Cullen.
Subjects
Anglican Church of Canada - Finance
Less detail

Administration and Finance Committee Report

http://archives.anglican.ca/en/permalink/official324
Date
1983 June
Source
General Synod. Minutes
Record Type
Act 79
Date
1983 June
Source
General Synod. Minutes
Record Type
Act 79
Mover
Mr. E.H. Fisher
Seconder
Rt. Rev. T.D.B. Ragg
Text
"That Canon VI be repealed and the following enacted in its place:
1. Organization
a) The Division of Administration and Finance shall be administered by the Treasurer of the General Synod under the direction of a Committee consisting of:
i) the Primate ii) the Prolocutor iii) the General Secretary of the General Synod iv) the Treasurer of the General Synod who shall be the Secretary of the Committee v) twelve members, elected by the General Synod, at least eight of whom are members of the General Synod, and three of whom are members of the National Executive Council. Geographical representation and need for expertise shall be the principal criteria for membership.
b) Seven members of the Committee shall form a quorum.
c) Any vacancy by reason of death, resignation, or otherwise among the members of the Committee from the Order of Bishops shall be filled by the Primate, and among the members of the Orders of Clergy and Laity shall be filled by the Prolocutor, and all members so appointed shall hold office until the next session of the General Synod.
2. Powers
a) Subject to the provisions of any legislation affecting the investment of trust funds of the funds held by the Committee, and subject to the provisions of this Canon, the Committee shall have the management and control of the Consolidated Trust Fund and all property, securities and monies which now are or which may hereafter become vested in, held by, or entrusted to the General Synod for management or investment and may make such lawful investments of the same in such sums and at such rates of return and on such terms as the said Committee shall in its discretion deem advisable.
b) The Committee shall have power to seal, convey, assign, transfer or exchange securities from time to time as the Committee may deem expedient, and to receive the consideration therefor, and accept transfers, and to take such legal or other proceedings as they may deem necessary.
c) The Committee may appoint and make and revise regulations for any sub-committee deemed necessary by the Committee, which sub-committee may include persons not members of the Committee.
d) The Committee shall have the control, direction, oversight and supervision of the administrative and financial concerns of the General Synod.
(Note: Regulations established by the Administration and Finance Committee for its sub-committees are printed in Appendix H.)
3. Duties
It shall be the duty of the Committee and it is hereby authorized and empowered:
a) to appoint a chairman, vice-chairman, assistant secretary, assistant treasurer, comptroller, accountants and such other officers as the Committee may deem necessary, and to define their duties and remunerations; and consult with the Primate concerning the nomination to the National Executive Council of a person to be Treasurer of the General Synod when a vacancy occurs in that office;
b) to appoint a bank or banks, trust company or trust companies to act as bankers of the Synod;
c) to make provision for the signature and countersignature of all cheques, orders for money, acceptance, transfers, conveyances and proxies and documents required for the delivery or receipt of securities as may be necessary;
d) to take such proceedings as may be necessary to give effect to the provisions of this Canon;
e) to supervise and co-ordinate the accounting systems of the various divisions, committees, councils, boards, and commissions of the Synod;
f) to determine from time to time the remuneration of the auditors appointed under Section 4;
g) to determine the expenses of the Synod and of the National Executive Council and to direct the payment thereof by the Treasurer;
h) to study the financial needs, problems and opportunities, as well as the local circumstances and resources of the Church;
i) to present to the several dioceses the specific needs and opportunities of the whole Church, and the principles upon which the budget is based;
j) to act as the finance committee of the Anglican Book Centre, as required.
4. Auditors
a) The Committee shall nominate annually to the National Executive Council a firm of Chartered Accountants to be Auditors of the General Synod, to hold office until their successors are appointed.
b) The Auditors shall report annually to the Synod, or to the National Executive Council in the years in which the Synod is not meeting, whether in their opinion the financial statements referred to present fairly the financial position of the Synod and the results of its operations for the period under review, in accordance with generally accepted accounting principles applied on a basis consistent with that of the preceding period.
c) The Auditors shall have access at all times to all records, documents, books, accounts and vouchers of the Synod, and shall be entitled to require from the Officers of the Synod such information and explanations as in their opinion may be necessary to enable them to report as required.
d) The Auditors shall be entitled to attend each session of the Synod or the National Executive Council, and shall receive all notices and other communications that the members of the Synod are entitled to receive, and shall be entitled to speak during any part of the business of the session which concerns them as Auditors.
5. Report
The Committee shall make and circulate, not later than five months after the close of the fiscal year, an annual report to the members of the Synod, or to the members of the National Executive Council in the years in which the Synod is not meeting. The reports shall be presented for formal approval at each session of the General Synod and they shall contain:
a) a financial statement for the preceding year, consisting of
i) a consolidated balance sheet at the end of the period,
ii) a consolidated statement of revenue and expenditure for the period,
iii) a statement of reserves and trust and endowment funds at the end of the period;
b) the report of the Auditors to the members;
c) such further information respecting the financial position of the Synod as the Constitution or Canons may require, or as the Committee shall deem appropriate and necessary.
6. Consolidated Trust Fund
a) All trust funds, securities and cash on hand or in banks received on capital account vested in or held by the General Synod or by the Missionary Society and all other trust funds received and all accretions thereon, excluding pension funds, shall be held, managed and invested as one general trust fund in the name of the Consolidated Trust Fund of The Anglican Church of Canada.
b) The Committee may make and revise regulations governing the administration of the Consolidated Trust Fund. Any regulations shall be reported to the National Executive Council and submitted to the next session of the General Synod for confirmation.
c) The Committee may receive for investment, subject to the terms of this Canon, any trust or other fund vested in or held by any committee, council, board or commission of the General Synod, or vested in or held by any Provincial or Diocesan Synod in Canada or any committee thereof, to form part of the Consolidated Trust Fund on such terms as the Committee shall decided, provided that the acceptance of such funds is not inconsistent with the terms on which said funds are held nor with the laws of the Province applicable to said funds.
d) i) The debentures, bonds, certificates and other securities belonging to the said Consolidated Trust Fund shall be deposited in such chartered bank or banks, trust company or trust companies, as the Committee shall from time to time arrange, subject to such control as the Committee may direct.
ii) The Committee shall give full directions to the bank or banks, trust company or trust companies, acting as custodians and to the Treasurer as to the care and custody of all funds and securities.
e) Nothing herein contained shall authorize the Committee to vary or alter the trust upon which the capital and securities are now respectively vested in or held by the Committee or entrusted to it.
f) i) The General Synod may borrow from time to time by way of a revolving credit from any chartered bank upon the credit of the General Synod either by way of promissory note, overdraft, or otherwise in such amount and on such terms as the Committee may deem necessary and advisable.
ii) As security for such promissory notes, overdraft or other indebtedness the Committee may assign, hypothecate, mortgage or pledge any of the bonds, debentures or negotiable instruments which it holds, being the property of the General Synod.
iii) Any notes or documents required by the bank shall be signed by the Primate, or the Chairman or Vice-Chairman, and by one other member of the Administration and Finance Committee.
g) The Committee may enter into contracts for the appointment of one or more investment managers or advisers; such contracts shall include provision for:
i) registration of the securities comprising the Fund in the name of the custodian or its nominee company as trustee for the Synod and as specified in the Agency Agreement;
ii) responsibility for loss of funds, securities or documents on the part of the manager, adviser or custodian;
iii) adequate insurance against loss by the custodian;
iv) authority for the investment manager to act within approved investment guidelines;
v) the calculation and distribution of quarterly dividends;
vi) schedules of fees for the investment management, custodianship and management of the Fund;
vii) cancellation of the contract.
7. Accounts
a) The Committee shall secure from each committee, council, board or commission an estimate of its annual revenue, if any.
b) The Committee, on recommendation of its Budget Sub-Committee, shall advise the National Executive Council and the Program Committee of the Spending Ceiling of the annual Apportionment (Program) Budget.
c) The Committee, on recommendation of its Budget Sub-Committee, shall advise the several dioceses of their suggested share of the General Synod Apportionment, and shall secure from each diocese the acceptance of its agreed share.
d) The Committee shall determine the annual expenses of the General Synod, the National Executive Council and standing committees, and other administrative costs of the Synod, and shall determine the amounts to be assessed on the several dioceses, according to a formula approved from time to time by the Committee.
e) All monies received from Apportionments, Assessments, donations, bequests, trust fund income or other sources except pension premiums shall be held in such bank accounts as shall be determined by the Committee, and expenditures shall be made under the control, direction and management of the Treasurer of the General Synod."
The motion was put and CARRIED by a two-thirds majority Act 79
Subjects
Anglican Church of Canada. General Synod. Constitution. Canon VI
Anglican Church of Canada. Administration and Finance Committee
Anglican Church of Canada - Finance
Less detail

Administration and Finance Report

http://archives.anglican.ca/en/permalink/official10139
Date
1973 May
Source
General Synod. Minutes
Record Type
Act 54
Act 55
Date
1973 May
Source
General Synod. Minutes
Record Type
Act 54
Act 55
Mover
Mr. G.A. Donald
Seconder
Mr. D.R. Smith
Prologue
The Report of the Administration and Finance Committee was presented by Mr. G.A. Donald. Mr. Donald explained the Report in terms of a graph showing comparative church revenue for the years 1968-72, inclusive.
Text
THAT the Consolidated Financial Statements of the General Synod of the Anglican Church of Canada for the years ended December 31, 1971 and December 31, 1972, with the auditor's reports attached thereto be approved.
CARRIED IN BOTH ORDERS Act 54
Notes
Statistics
After a brief discussion, the tables were received. [CARRIED] Act 55
Subjects
Anglican Church of Canada - Finance
Anglican Church of Canada - Auditing
Less detail

Amendments to Canon IX, Board of Finance

http://archives.anglican.ca/en/permalink/official5854
Date
1946 September
Source
General Synod. Minutes
Record Type
Resolution
Date
1946 September
Source
General Synod. Minutes
Record Type
Resolution
Mover
Mr. Jackson Dodds
Seconder
Mr. W.T. Carthew
Prologue
Pursuant to notice, Mr. J.P. Bell moved, seconded by Canon H.F.D. Woodcock that Parts I and II of Canon IX (Department of Finance) be repealed and the following enacted in its stead:
PART I - BOARD OF FINANCE
1. Organization
(1) The Department of Finance shall be administered under the direction of a Board consisting of:
(a) The Primate
(b) The Prolocutor
(c) The Honorary Treasurer of the General Synod
(d) Six members of the Synod elected by the Synod of whom one shall be a member of the Upper House.
(2) Four members of the Board shall form a quorum.
(3) Any vacancy by reason of death, resignation, or otherwise among the members of the Board from the Upper House shall be filled by the Primate, and among the members of the Lower House shall be filled by the Prolocutor, and all members so appointed shall hold office until the next session of the General Synod.
2. Powers
(1) Subject to the provisions of any legislation affecting the investment of trust funds of the funds held by the Board, and subject to the provisions of Part II, the Board shall have the management and control of the Consolidated Trust Fund and of all property, securities, and moneys, which now are or which may hereafter become vested in, held by, or entrusted to the General Synod for management or investment, and may make such lawful investments of the same in such sums and at such rates of interest and on such terms as the said Board shall in its direction deem advisable, provided that, except those securities set out in sub-section (a) of Section 63 in Chapter 46 of the Act of the Parliament of Canada, 22/23 George V, dealing with Canadian or British insurance companies, or in amendments thereto, no more than $25,000 shall be invested in any one security, and no mortgage loans shall exceed fifty per cent of the appraised value of the property.
(2) The Board shall have power to sell, convey, assign, transfer, or exchange securities from time to time as the Board may deem expedient and to receive the consideration therefor, and accept transfers, and to take such legal or other proceedings as they may deem necessary.
(3) The Board may appoint an advisory investment Committee and any other committees deemed necessary by the Board which may include persons not members of the Board.
3. Duties
It shall be the duty of the Board, and it is hereby authorized and empowered:
(a) To appoint a chairman, secretary, assistant-secretary, assistant-treasurer, comptroller, accountants and such other officers as the Board may deem necessary and to define their duties and remunerations.
(b) To appoint a bank or banks, trust company or trust companies to act as bankers of the Synod.
(c) To make provision for the signature and countersignature of all cheques, orders for money, acceptances, transfers, conveyances, and proxies and documents required for the delivery or receipt of securities as may be necessary.
(d) To take such proceedings as may be necessary to give effect to the provisions of this Canon.
(e) To supervise, coordinate and harmonize the accounting systems of the various departments of the Synod.
(f) To appoint such auditors, being chartered accountants, as it may deem necessary from time to time, and to determine their remuneration.
4. Duties of the Honorary Treasurer
(1) Subject to the provisions of this Canon, the Honorary Treasurer shall, under the supervision of the Board, make and deal with all investments of the funds held in trust by the Synod or its departments.
(2) He shall present statements of account duly audited by the Synod Auditors at each annual session of the Executive Council and at each session of the Synod, and shall discharge such other duties which shall be required of him by the Constitution or any Canons of the Synod, or by the Board.
5. Accounts
Separate and detailed account of each and every trust fund, showing the capital of the same, and all interest thereon shall be kept under the direction of the Board.
6. Reports
The Board shall make a report containing a statement of the appropriate accounts, with a certificate of the Auditors of the Synod attached.
(a) To each session of the General Synod and each annual session of the Executive Council.
(b) To the annual meeting of the Board of Management of the Missionary Society of the Church of England in Canada.
(c) To the annual meeting of such other departments, synods, boards, councils, other than the above from which funds for investment have been received.
PART II - CONSOLIDATED TRUST FUND
7. Consolidated Trust Fund
All trust funds, securities and cash on hand or in banks received on capital account vested in or held by the General Synod or by the Missionary Society and all other trust funds received and all accretions thereon, shall be held, managed and invested as one general trust fund in the name of the Consolidated Trust Fund of the Church of England in Canada.
8. Other Investments
The Board may receive for investment, subject to the terms of this Canon any trust or other fund vested in or held by any corporation, department, board, council or committee of the General Synod, or vested in or held by any Provincial or Diocesan Synod in Canada or any committee thereof, to form part of the Consolidated Trust Fund on such terms as the Board shall decide, provided that the acceptance of such funds is not inconsistent with the terms on which said funds are held nor with the laws of the Province applicable to said funds.
9. Custody of Securities
(1) The debentures, bonds, certificates and other securities belonging to the said Consolidated Trust Fund shall be deposited in such chartered banks or bank, trust company or trust companies as the Board shall from time to time arrange, subject to such dual control as the Board may direct.
(2) The Board shall give full directions to the bank or banks, trust company or trust companies, acting as custodians and to the Honorary Treasurer as to the care and custody of all funds and securities.
10. No Variation of Trusts
Nothing herein contained shall authorize the Board to vary or alter the trusts upon which the capital funds or securities are now respectively vested in or held by the Board or entrusted to it.
11. Borrowing Powers
(1) The Board may from time to time borrow by way of a revolving credit of seventy-five thousand dollars ($75,000) from any chartered bank upon the credit of the General Synod of the Board either by way of promissory note, overdraft or otherwise and on such terms as it may deem advisable.
(2) As security for such promissory notes, overdraft or other indebtedness it may assign, hypothecate, mortgage or pledge any of the bonds, debentures or negotiable instruments which it holds being the property of General Synod.
(3) Any notes or documents required by the bank shall be signed by the Primate, or the Chairman, or acting Chairman, and also by the Honorary Treasurer, or any other member of the Board.
12. Default and Depreciation
In the event of any default in payment of the principal of or the interest on any security held, or if, in the opinion of the Board there has been sufficient depreciation in the value of any security, the Board shall have the power from time to time to deduct the amount of such default or depreciation from the total of interest and profits to be distributed for that year or to direct that it be spread over a period not exceeding three years.
13. Distribution of Revenue
The interest deemed to be earned by the securities of the Consolidated Trust Fund, after deducting therefrom the expenses of management, office expense, and the expenses of investment and administration, including clerical assistance, the travelling expenses of members of the Board, any any deductions authorized by Section 12 hereof, shall be distributed at the rate per cent authorized and approved by the Board, pro rata among the corporations, synods, departments, councils, committees, or trusts entitled thereto in proportion to the capital of each trust as determined by the Board.
14. Loans
(1) Subject to the terms of any trust upon which moneys may be held, the Board may make loans from the Consolidated Trust Fund to any corporation, department, board, council, committee or fund of the Synod, or to any Provincial or Diocesan Synod, or committee or part thereof for which the Board may hold funds invested, or which may have an interest in the said Consolidated Trust Fund, on such terms as to collateral security, rates of interest, repayment, and other conditions as may be mutually agreed upon, provided no more than 75% of the capital of any particular trust may be loaned.
(2) Any depositor of a trust fund may request the Board in writing to lodge securities with its bankers to pledge for loans it may require, and if the Board approves, the following conditions will govern.
(a) The Board will withdraw an agreed amount of securities from safekeeping, and the capital of such trust fund shall be reduced by the amount at which said securities stand in the books of the Consolidated Trust Fund, and the trust fund in question shall be entitled to its proportionate share only of the remainder.
(b) An account of the securities loaned to the depositor of the trust fund in question shall be kept, and any loss sustained in respect of any such securities shall be borne by the borrower.
(c) The borrower shall execute any hypothecations or other documents required to obtain the loan, and shall agree punctually to pay the interest and the principal as said become due, and to have the lender send a statement of such loan quarterly to the Board.
(d) No obligation in respect of such loan shall be assumed by the Consolidated Trust Fund, or the Board.
(e) The principal and interest on the said securities must be paid to the Consolidated Trust Fund as received by the lender, and when no longer required as collateral, delivered to it at the same valuation as when received from it.
(f) If any securities are sold by the lender, the capital of the trust fund in question shall be reduced by such an amount as the Board determines.
Text
That the following addition be made to Section 2 "Powers" sub-section (1) "Nor shall any mortgage loan exceed $10,000.00." CARRIED
The motion to adopt the amendment to Canon IX as amended was then put and CARRIED. Message K
Subjects
Church of England in Canada. Board of Finance
Church of England in Canada. General Synod. Constitution. Canon IX
Anglican Church of Canada - Finance
Investments - Religious aspects - Anglican Church of Canada
Investments - Law and legislation - Canada
Less detail

Amendments to Canon XXI - Finance

http://archives.anglican.ca/en/permalink/official6348
Date
1927 September
Source
General Synod. Minutes
Record Type
Resolution
Date
1927 September
Source
General Synod. Minutes
Record Type
Resolution
Mover
Mr. L.A. Hamilton
Seconder
Chancellor Gisborne
Text
Resolved, That Canon XXI, Finance, be amended as follows:
Section 3: insert at the beginning of the section the words "subject to the provisions of Canon XXIII"; also insert after the words "General Synod" in line 3 the following words: "or which now are or may hereafter be entrusted to the General Synod for management or investment."
Section 5: insert after the word "Synod" the words: "other than those managed and controlled by the joint investment committee."
Section 7: strike out whole clause.
Section 8: strike out words "two auditors" in line 2; also strike out the words "their respective successors" on line 4 and substitute therefor the words "his successor"; and renumber Section as Section 7.
Insert as Section 8 the following: "8 - An Auditor or Auditors who must be a chartered accountant or accountants shall be appointed annually by the Board of Finance at such remuneration as may be fixed by the Board of Finance."
Section 10: insert at the beginning of the section the words "Subject to the provisions of Canon XXIII."
Section 11: after the word "Synod" in line 2 insert the words "other than those managed and controlled by the joint investment Committee."
Section 12: after the word "securities" in line 1, insert the words "in his custody or control."
Section 15: strike out the words "and auditors" in line 2.
Subjects
Church of England in Canada. General Synod. Constitution. Canon XXI
Anglican Church of Canada - Finance
Less detail

Amendment to Canon VI - Section 6

http://archives.anglican.ca/en/permalink/official7191
Date
1998 May 21-29
Source
General Synod. Minutes
Record Type
Act 36
Date
1998 May 21-29
Source
General Synod. Minutes
Record Type
Act 36
Mover
Canon M. Iveson
Seconder
Mr. R. Dickson
Text
That Section 6 of Canon VI - Financial Management - be amended to read as follows:
6. Accounts
a) The committee shall secure from each committee, council, board or commission an estimate of its annual revenue, if any.
b) The committee shall determine the annual expenses of the General Synod, the Council of the General Synod and standing committees, and other administrative costs of the General Synod.
c) The committee shall advise the Council of the General Synod of the spending ceiling of the annual budget.
d) All monies received from proportional gifts, donations, bequests, trust fund income or other sources except pension premiums, shall be held in such bank accounts as the committee determines, and expenditures shall be made under the control and direction of the Financial Management and Development Committee and administered by the Treasurer of the General Synod. CARRIED Act 36
Subjects
Anglican Church of Canada. General Synod. Constitution. Canon VI
Anglican Church of Canada - Finance
Anglican Church of Canada. Financial Management and Development Committee
Less detail

102 records – page 1 of 11.