The Living Church, reporting on some of the housekeeping details taken care of at the Executive Council, pulls out the news that income is down and adjustments need to be made to the national church’s budget adopted at General Convention in Columbus. Nearly a quarter of the deficit arises from the reorganization plan that was approved by Executive Council at their meeting this weekend.
“Some $1.8 million will need to be trimmed from the 2008 budget when the national Executive Council meets in Quito, Ecuador, next February.
The deficit, which includes up to $550,000 in additional expenses for staff reorganization, was discussed during meetings of Executive Council’s Administration and Finance Committee. Council met Oct. 26-28 in Dearborn, Mich.
The majority of the deficit is due to an updated forecast of revenue about 2 percent less than the $50.4 million approved in the budget by the 75th General Convention in 2006. The remainder is due to additional estimated expenses of $444,000 attributed to the Church Center staff reorganization.”
Read the rest here.