1995 Apportionment Budget

Text of motion: That National Executive Council adopt the 1995 Apportionment Budget as presented.; The mover and seconder agreed to include the amount within the motion and the amended motion now reads:; That National Executive Council adopt the 1995 Apportionment Budget as presented, totalling $8,193,040. CARRIED #18-11-94

Notes: A Note on the 1995 Apportionment Spending Ceiling; NEC has now approved the 1995 Apportionment Spending Ceiling of $8,193,040 as noted on document #007-20-94-11. Some might be puzzled by the fact that this figure does not correspond with the figure shown on the Administration and Finance Committee report (#006-06-94-11). That report shows total Apportionment spending at $8,664,710; or $471,670 greater. It is possible to reconcile these two figures. The Apportionment spending estimates proposed by Program Committee include the Apportionment grant to the Anglican Journal, but not the Journal's total spending. The Administration and Finance Committee document properly includes all General Synod revenue and expenditure, including the total revenue and expenditure of the Journal.; Specifically, the Program Committee document (#007) includes the 1995 grant to the Journal of $462,430. The Administration and Finance Committee document (#006) includes the Journal's total budgeted spending of $934,100. The difference, again, is $471,670.

Subjects: Anglican Church of Canada - Finance; Budget - Anglican Church of Canada; Anglican Journal