'Turbulent times' ahead for national church: Church anticipates continuing decline in financial contributions from dioceses
https://archives.anglican.ca/link/article41979
- Author
- Folkins, Tali
- Material Type
- Journal Article
- Journal
- Anglican Journal
- Date
- 2019 January
- Author
- Folkins, Tali
- Material Type
- Journal Article
- Journal
- Anglican Journal
- Date
- 2019 January
- Volume
- 145
- Issue
- 1
- Page
- 3
- Notes
- Hanna Goschy, General Synod treasurer, addressed the Council of General Synod (CoGS) in a budget presentation on 23 November 2018. "Over the course of 2018, she said, several dioceses let the national church know that they would not be able to contribute as much money as initially planned. As a result, the church is expecting that proportional gifts from dioceses -- the source of more than 90% of its core revenue -- will be down in 2018 by about $303,000 from what had been projected, bringing total revenue for the year to a currently forecast $10,629,000". "A budget document released to CoGS shows projected deficits of $205,024 and $244,382 for 2022 and 2023 respectively". Apart from the possibility of falling revenue from dioceses, the national church is also facing uncertainty around the cost of the planned self-determining Indigenous church, Goschy said. It seem likely the Anglican Church of Canada will have to make significant changes in the way it does things to prepare financially for 2022 and 2023".
- Subjects
- Goschy, Hanna
- Anglican Church of Canada - Finance
- Anglican Church of Canada - Forecasting
- Budget - Anglican Church of Canada
- Church giving - Anglican Church of Canada - Statistics