The General Secretary read a memorandum from Mr. J. Ligertwood concerning a self-insurance program for Church buildings, and Mr. Hyslop explained the dilemma that face some dioceses (parishes).
Moved by Hyslop, Seconded by Munn,
That in light of the drastic increases in Fire Insurance Premiums the National Executive Council requests the Pension Committee to investigate the feasibility of the Anglican Church of Canada developing its own Fire Insurance Package.
That this be referred to the Administration and Finance Committee rather than the Pension Committee. CARRIED
The motion will now read:
That in light of the drastic increases in Fire Insurance Premiums the National Executive Council requests the Administration and Finance Committee to investigate the feasibility of the Anglican Church of Canada developing its own Fire Insurance Package.
That the NEC ask the Administration & Finance Committee to ensure that all disbursements from undesignated bequests of either interest or capital be channelled through the Assessment or Apportionment Budgets, and
that requests for special projects or needs be considered only after referral to the Program Committee for review along with existing priorities.
That the above motion be referred to the Administration & Finance Committee for study and response at the March 1992 NEC meeting. CARRIED #74-11-91
Archdeacon Jim Boyles was asked to forward further information to the Administration and Finance Committee to assist in its deliberations.
That the Statement of Counsel contained in the report of the Administration and Finance Committee be included in the Minutes. CARRIED
The Statement of Counsel reads:
Primate's Consultation on Funding
The Administration and Finance Committee considered the report and resolutions from the Primate's Consultation on Funding, and wishes to advise the National Executive Council:
That the Administration and Finance Committee commends the consultative style adopted for consideration of post-A.I.M. funding requirements, and asks that such a style be kept in mind when other matters of national concern are before the Church.
That in view of miscommunication between the Administration and Finance Committee and the Doctrine and Worship Committee concerning budget limits, that there be a consultation between the appropriate staff and committee people from both committees to clear the air. CARRIED
Several matters were presented for information, including:
1. Investment Policy
Statements in the Canadian Churchman and the Toronto press were received. There was some criticism of the content and interpretation contained in these. The Primate reported that he was proposing to meet with those involved to clarify further statements.
The Committee made certain recommendations about funds to support the Bishop in Venezuela during 1972. These were deferred until consideration of the Program Committee report on Venezuela.
3. 17 Questions
The Committee referred 17 questions relating to basic issues in church life and stewardship suggested by the state of 1972 Apportionment acceptances.
That the Report of the Administration and Finance Committee be received. CARRIED
That a salary for the Primate of $20,000 be approved effective January 1, 1974. CARRIED
That a Standing Committee be appointed, consisting of the Prolocutor, the Chairman of the Administration and Finance Committee and the Deputy Prolocutor to deal with an annual review of the Primate's salary and report to the Administration and Finance Committee. CARRIED
The Primate rejoined the meeting and resumed the Chair.
The following items were presented for information:
1. The funds required to support the Canadian Church's involvement in Venezuela are to be found within the present budgets for 1973-4 rather than being provided, as extra-budget items, for reserves.
2. The Program Committee is to be advised that 1974 Spending Estimates must be kept at the (adjusted) 1974 Budget Ceiling established in may, $2,749,612, requiring a reduction of about $80,000 in the proposed Budget.
3. The Advisory Investment Committee is to be advised that the A&F Committee has set no restrictions on the types of security in which the non-Pension Funds of the Church may be invested.
4. The Chairman's Advisory Committee has been asked to consider the extension of the present fidelity bonding of officers and senior staff.
5. September 30, 1972 General Synod Financial statements, Apportionment and Assessment Accounts, PWRDF statement, Apportionment receipts statement and Anglican Book Centre statement were received.
6. The record of disposition of Acts of General Synod, referred to the A&F Committee, is tabled for information.
That the report of the Administration and Finance Committee be received. CARRIED