An expected bequest of $4 million will prevent a deficit situation for the Anglican Church of Canada. It will also enable the hiring of a financial development officer. Funds from the Residential Schools rebate will be used for work in indigenous communities. Additional information about the 2008 budget.
"In 2007, the Anglican Book Centre (ABC), the Canadian church's Toronto retailer, survived and looks like a viable operation for the future, according to its new manager, the Lutheran publisher and retailer Augsburg Fortress. Slated to close its storefront outlet in favor of a Web and telephone-only operation, the bookstore experienced sharply reduced sales last year  but made a small profit, said manager Andy Seal. Final numbers were not yet available and comparisons with previous years are somewhat difficult since Augsburg took over management of the operation in June 2007 from the Anglican church's national office, called General Synod. Peter Blachford, treasurer of General Synod, said he expected that bookstore sales for all of 2007 were about half the $2.96 million recorded in 2006. Mr. Seal in an interview, estimated that the operation showed a profit of $25,000 last year, showing that 'the store did perform such that it is a sustainable location'. In 2006, said Mr. Blachford, the store lost $504,000 and in the three years before that, total losses were $899,000. In the five years prior to 2003, the store returned a total of $1.38 million in profits to General Synod, but began to feel the pressure of competition from the Internet and mega-booksellers such as Amazon.com and Chapters/Indigo. In addition, the store experienced a difficult move to a new building in 2004 and the departure of two managers".
"In the wake of Peter Blachford's resignation as General Synod treasurer at the end of December , Archbishop Fred Hiltz, primate of the Anglican Church of Canada, announced that controller Michael Herrera has agreed to take on extra responsibilities as interim treasurer until the position can be filled. Mr. Herrera was hired as controller in December 2006."
The Council of General Synod approved a budget of $9.8 million for 2006. Article outlines the cuts to the departments at Church House. Partnerships especially is in a dilemma over reducing staff or overseas grants.
"Major developments in the financial management of General Synod took place in the fall and winter [of 2008] with the resignation, effective Dec. 31 , of treasurer Peter Blachford, and the layoffs Nov. 25  of seven staff at the national office in Toronto. The layoffs were part of a plan to cut the 2009 budget by $1.3 million, reduce the deficit to $800,000 and to try to put an end to what had been a pattern in recent years of incurring deficits." The laid off staff "included four staff from FMD [Frank Preetam, Richard Roycroft, Gailsie Stewart and Donnie Versage] and one from the information resources department [Caese Levo]; the positions of two staff (yet unidentified pending negotiations), set to retire next year, will not be filled". "Last fall, the Council of General Synod (CoGS) approved the 2009 budget which projected a $745,639 deficit with revenues anticipated at $8.6 million and expenditures at $9.4 million". "Prior to the recent terminations, General Synod (including two incorporated bodies -- Anglican Journal and Primate's World Relief and Development Fund) employed a total of 75 full-time, eight part-time and 12 contract employees. The figure does not include the number of two other independently incorporated bodies -- pensions department and the Anglican Foundation".