[Anglican Journal] A fall in revenues, especially contributions from the dioceses, combined with increased expenses to put the Anglican Church of Canada in a deficit position in 2018, General Synod heard Monday, July 15.
The national church’s audited financial statements for the year show that overall revenue was $11.1 million, down by $800,000— 7% —from 2017, Fraser Lawton, bishop of the Diocese of Athabasca and a member of the financial management committee, told General Synod. But expenses were $11.8 million — $400,000 more than the prior year, he said, citing rounded figures from the statements.
Read the full article here.
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