Administration and Finance Committee - Accumulated Deficit
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- Date
- 1993 November
- Type
- Resolution 34-11-93
- Mover
- Mr. D. Reeves
- Seconder
- Dr. D. Maybee
- Prologue
- Moved by Bishop A. Hutchison
- Seconded by Archbishop S. Payne
- That the balance in the Johnston Bequest be drawn into income in the 1994 budget in order to address the accumulated deficit.
- Amendment
- Text of motion
- That this resolution be reworded as follows:
- That the accumulated deficits as of December 31, 1993, be retired by drawing into income the amount necessary from the Isabel Johnston Bequest; and that the balance remaining in the Isabel Johnston Bequest be brought into income in 1994. CARRIED
- The amended motion was then put and CARRIED #34-11-93.
- Notes
- [In response to an enquiry, it was noted that NEC Motion #57-03-92, regarding the Anglican Annual Appeal, made clear that donors to this Appeal may make specific designations.]