Surplus budget approved by Synod

 on January 18, 2018

The 2018 Niagara budget should result in a small net surplus of $29,648, Chair Andrew Clinkard of the Finance Budget subcommittee predicted in presenting the financial picture to the November Synod, “continuing the tradition of building sustainability.”

This means investing “more than $3.1 million in spreading God’s love and fueling life change,” he stated.

The majority ($2,950,000) of the diocese’s support comes from DM&M (Diocesan Mission and Ministries), with the remainder from interest, fees and sundry items, totalling receipts of $3,251,314.

The parish assessment DM&M rates remain the same for 2018.

Expenditures ($3,221,666) centre around the church’s mission and its support, congregational support and development, youth and children, education, outreach and social justice, as well as caring for diocesan held properties.

“I trust your review of the proposed 2018 budget, combined with this overview, has given you a glimpse of the good news in this Diocese made possible by all of you with God’s help,” Andrew concluded.

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