General Synod Treasurer Michèle George presented the report. She reviewed the financial statements of the Anglican Church of Canada Resolution Corporation (Doc. #007-11-11-03) the Anglican Church of Canada Consolidated Trust Fund ( Doc. #007-12-11-03), the General Synod of the Anglican Church of Canada (Doc.#007-13-11-03) and highlighted the key variances between actual results and budget.
AUDIT COMMITTEE REPORT #031-01-11-03
Archbishop Colin Johnson noted a new requirement for this year. As the Board of Directors has the fiduciary responsibility for the financial statements and the use of the resources of the church, the statements are draft until approved by the Council of General Synod. He reported that the auditors commended the treasurer on an open and candid dialogue and highlighted several fairly minor opportunities for improvement.
That the Financial Statements of The General Synod of the Anglican Church of Canada for the fiscal year ended as at December 31, 2010, be approved.