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Amendment to the Constitution - Unifying the Budget

http://archives.anglican.ca/en/permalink/official7190
Date
1998 May 21-29
Source
General Synod. Minutes
Record Type
Act 35
Date
1998 May 21-29
Source
General Synod. Minutes
Record Type
Act 35
Mover
Canon M. Iveson
Seconder
Mr. R. Dickson
Text
That Section 30, subsections b) to f) of the Constitution be deleted and the following substituted therefor:
a) Except as provided for by other revenues, the financial requirements of the General Synod shall be met from the proportional gifts made by the Dioceses.
b) In preparing the annual budget for approval by the Council of the General Synod, the Financial Management and Development Committee shall develop and, as appropriate, review and amend a fair and equitable formula for determining suggested proportional gifts to be made by each of the Dioceses and shall, based on such formula, calculated and recommend to the Council of the General Synod, annually, suggested proportional gifts to be made by each of the Dioceses.
c) Upon the Council of the General Synod approving the proportional gifts suggested to be made by each Diocese, the Financial Management and Development Committee shall advise each Diocese of the proportional gift request and seek its acceptance. It shall consult with any Diocese that is not able to meet the request.
d) The expenses of the meeting of the General Synod, including travel costs, meeting and administrative costs, as determined from time to time by the Financial Management and Development Committee, but not including costs for members' accommodation and meals, shall be paid by the General Synod.
e) Income derived from the General Synod Endowment Fund shall be used to support the General Synod budget, as approved by the Council of the General Synod. CARRIED Act 35
Subjects
Anglican Church of Canada. General Synod. Constitution
Anglican Church of Canada - Finance
Budget - Anglican Church of Canada
Proportional giving
Apportionment budget - Anglican Church of Canada
Assessment budget - Anglican Church of Canada
Less detail

BUDGET REPORT # 007 15 -21 14 11

http://archives.anglican.ca/en/permalink/official10491
Date
2014 November 13-16
Source
Council of General Synod Minutes
Record Type
Resolution 02-11-14
Date
2014 November 13-16
Source
Council of General Synod Minutes
Record Type
Resolution 02-11-14
Mover
Canon David Jones, Chancellor
Seconder
The Very Rev. Peter Wall
Prologue
Ms. Hanna Goschy, Treasurer, presented the budget for 2015 for the Council’s consideration. She described the budgeting process and outlined the planning and revenue assumptions for 2015 with an emphasis on the conservative nature of the budget.
She briefing explained the history of proportional giving which has been in steady decline since 1992 with some leveling of after 2008 and noted the decline in undesignated legacies received since 2008.
In response to a query about the review of assets of the MSCC [Missionary Society of the Anglican Church of Canada], she explained that research is underway on identifying the endowments and their direction and expected to last several months. The Chancellor will review the findings from a legal perspective. A report back to CoGS will not be ready until the November 2015 meeting.
Text
Be it resolved:
That the Council of General Synod adopt the budget for 2015, as presented by Financial Management Committee.
ADOPTED #02-11-14
Subjects
Budget - Anglican Church of Canada
Anglican Church of Canada - Finance
Church giving - Anglican Church of Canada
Proportional giving
Legacies - Anglican Church of Canada
Missionary Society of the Anglican Church of Canada (M.S.C.C.) - Finance
Goschy, Hanna
Less detail

FINANCIAL MANAGEMENT COMMITTEE #007-01to 05-13-11 : Adoption of the 2014 Budget

http://archives.anglican.ca/en/permalink/official10445
Date
2013 November 14-17
Source
Council of General Synod Minutes
Record Type
Resolution 05-11-13
Date
2013 November 14-17
Source
Council of General Synod Minutes
Record Type
Resolution 05-11-13
Mover
Canon Robert Falby
Seconder
Mr. James Sweeney
Prologue
Budget Presentation
COGS and Coordinating Committee members were present for the budget presentation.
Mr. Rob Dickson, Chair of the Financial Management Committee, reviewed the mandate of the Financial Management Standing Committee (Canon VI) and set the context for the 2014 budget.
Ms. Hanna Goschy, Treasurer, gave a detailed presentation on the 2014 budget and trends for 2015 – 2018 (Docs. #007-01 & 02-13-11) that included a breakdown of revenue sources, expense assumptions and Ministry Investment Fund Grants (Docs. #007-03 & 04-13-11) and also a review of the history of proportional giving.
Text
That the Council of General Synod adopt the Budget for 2014, as presented by Financial Management Committee.
ADOPTED #05-11-13
Subjects
Budget - Anglican Church of Canada
Anglican Church of Canada - Finance
Proportional giving
Less detail

General Synod of The Anglican Church of Canada Financial Statements

http://archives.anglican.ca/en/permalink/official10606
Date
2018 June 1-3
Source
Council of General Synod Minutes
Record Type
Resolution 10-18-06 [sic i.e. 10-06-18]
Date
2018 June 1-3
Source
Council of General Synod Minutes
Record Type
Resolution 10-18-06 [sic i.e. 10-06-18]
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 # 007-17-18-06
Text
THAT the Council of General Synod approve the audited financial statements of the General Synod of The Anglican Church of Canada for the fiscal year ending December 31, 2017.
ADOPTED #10-18-06 [sic i.e. 10-06-18]
Subjects
Anglican Church of Canada - Finance
Budget - Anglican Church of Canada
Proportional giving
Less detail

Proportional Giving Proposal

http://archives.anglican.ca/en/permalink/official7189
Date
1998 May 21-29
Source
General Synod. Minutes
Record Type
Act 34
Date
1998 May 21-29
Source
General Synod. Minutes
Record Type
Act 34
Mover
Mr. R. Dickson
Seconder
Canon M. Iveson
Text
That this General Synod:
a) adopt the Proportional Giving Proposal for Diocesan Funding of National and International Mission and Ministries of the Anglican Church of Canada, and
b) request the Financial Management and Development Committee to implement this proposal for 2000.
c) require that prior to implementation the Financial Management and Development Committee in collaboration with the dioceses undertake a study to determine the elements to be included in diocesan revenue for the purpose of Proportional Giving and that a standardized form be developed for reporting of diocesan revenue to General Synod. Furthermore that the results of the study and the standardized reporting form be submitted to the Council of General Synod for approval prior to implementation.
d) accept the principles that:
1. this revenue based proportional giving system be phased in over a five year period
2. those dioceses who are giving beyond what the proportional giving formula requests are asked to continue giving at their current levels during the phase-in period
3. transparency in all aspects of the proportional giving activities of the General Synod be maintained so that all parts of the Church are aware of the needs of others and be able to respond generously
4. there will be regular evaluations of the proportional giving system to ensure the needs of the wider Church are being met and that the gift requests are within the means of the dioceses. CARRIED Act 34
Subjects
Anglican Church of Canada - Finance
Proportional giving
Anglican Church of Canada - Dioceses
Less detail

Report of the Financial Management and Development Committee's Task Force on Proportional Giving: Implementation of Proportional Giving

http://archives.anglican.ca/en/permalink/official7281
Date
1999 March 6-9
Source
Council of General Synod Minutes
Record Type
Resolution 02-03-99
Date
1999 March 6-9
Source
Council of General Synod Minutes
Record Type
Resolution 02-03-99
Mover
Bishop D. Harvey
Seconder
Canon M. Iveson
Text
That the Council of General Synod authorize the Treasurer of General Synod to implement proportional giving, as approved by General Synod in May 1998, for the fiscal year 2000. The requested gift from the dioceses will be based on 1998 revenue, as reported by the dioceses using the approved reporting form (draft #4) as prepared by the Task Force on Proportional Giving. CARRIED #02-03-99
Notes
Council members expressed appreciation to the members of the task force by applause.
Subjects
Anglican Church of Canada. Financial Management and Development Committee. Task Force on Proportional Giving
Anglican Church of Canada - Finance
Anglican Church of Canada - Dioceses
Budget - Anglican Church of Canada
Proportional giving
Less detail

RESOLUTIONS COMMITTEE - Examine the Process for Proportional Giving

http://archives.anglican.ca/en/permalink/official10720
Date
2019 March 14-17
Source
Council of General Synod. Minutes
Record Type
Resolution 043-03-19
Date
2019 March 14-17
Source
Council of General Synod. Minutes
Record Type
Resolution 043-03-19
Mover
The Rev. David Burrows
Seconder
Ms. Cynthia Haines Turner
Text
Be it resolved: That this Council of General Synod strongly recommend to the incoming Council of General Synod that it examine the process by which dioceses are invited to make and fulfill financial commitments to the ministries of General Synod. ADOPTED #CoGS 043-03-19
Subjects
Anglican Church of Canada - Finance
Budget - Anglican Church of Canada
Proportional giving
Less detail

Resolutions : Proportional Giving Proposal

http://archives.anglican.ca/en/permalink/official7117
Date
1998 March 6-8
Source
Council of General Synod Minutes
Record Type
Resolution 48-03-98
Date
1998 March 6-8
Source
Council of General Synod Minutes
Record Type
Resolution 48-03-98
Mover
Mr. G. Genge
Seconder
Rev. L. McMenamie
Prologue
The suspended motion [see page 17] was returned, as revised.
Moved by: Archdeacon D. Ashdown
Seconded by: Dean J. Merrett
That this Council of General Synod endorse the general principles included in the Proportional Giving Proposal for Diocesan Funding of National and International Mission and Ministries of the Anglican Church of Canada and ask the Financial Management and Development Committee to take into consideration alternate models and the discussion at this Council, in presenting to General Synod the following resolution:
That this General Synod adopt the Proportional Giving Proposal for Diocesan Funding of National and International Mission and Ministries of the Anglican Church of Canada.
Text
Amendment
That the word "present" replace "take into consideration" and the words "as discussed" replace "and the discussion" (before `at this Council'). CARRIED
The paragraph now reads:
That this Council of General Synod endorse the general principles included in the Proportional Giving Proposal for Diocesan Funding of National and International Mission and Ministries of the Anglican Church of Canada and ask the Financial Management and Development Committee to present alternate models as discussed at this Council, in presenting to General the following resolution:
The mover and seconder agreed to remove the word "as" after "models" and replace it with the words "including those".
The amended motion now reads:
That this Council of General Synod endorse the general principles included in the Proportional Giving Proposal for Diocesan Funding of National and International Mission and Ministries of the Anglican Church of Canada and ask the Financial Management and Development Committee to present alternate models, as discussed at this Council, in presenting to General the following resolution:
That this General Synod adopt the Proportional Giving Proposal for Diocesan Funding of National and International Mission and Ministries of the Anglican Church of Canada.
CARRIED AS AMENDED #48-03-98
Subjects
Stewardship, Christian - Anglican Church of Canada
Anglican Church of Canada - Finance
Anglican Church of Canada - Dioceses
Church fund raising - Anglican Church of Canada
Fund raising - Religious aspects - Anglican Church of Canada
Church finance - Anglican Church of Canada
Proportional giving
Less detail

8 records – page 1 of 1.