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.
Be it resolved:
That the Council of the General Synod express its deep appreciation and thanks to our dioceses for their generous and ongoing financial support of the ministries of our General Synod.