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For the first 12 months of the biennium (June 1, 1996-May 31, 1997), the various Conference agencies underspent their budgets by $92,129. This is the good news. The bad news is that income from the churches fell short by $158,940, resulting in an additional deficit of $66,811. This brings the accumulated deficit to $99,000.
We are seeing a trend by some churches to reduce funding to the Conference. These cuts are often unexpected and can create quite a problem in balancing our budget.
To avoid a larger deficit in 1997-98, the Canadian Conference Executive Board has advised all of the boards to reduce funding requirements by 8%, a reduction of some $151,000 in their budgets. This may mean a reduction of services to our membership, and we ask all churches to consider increasing their support so that your Conference ministries can be maintained.
The Canadian Conference thanks all those who continue to give full support and also those who are doing what they are able to do. To those 47 churches who did not financially support the Conference ministries last year, may we ask you to make at least a token donation, indicating that you do support the Conference and its ministries? It would be gratifying to see 100% support by our churches.
If you are not aware of which ministries are benefitted by your support, the following listing will help:
| MINISTRY | FUNDING | PER MEMBER | |
|---|---|---|---|
| CHRISTIAN EDUCATION | 122,287 | 5.69 | |
| EVANGELISM | |||
| Quebec Ministry | 6,000 | ||
| Maritime Ministry | 195,050 | ||
| Youth Mission International | 60,000 | ||
| Other Costs | 170,967 | ||
| Fundraising | (217,200) | 214,817 | 10.00 |
| MANAGEMENT | |||
| Expenses | 117,329 | ||
| Revenue | (76,400) | 40,929 | 1.90 |
| Institut Biblique Laval | 141,010 | 6.56 | |
| EXECUTIVE BOARD | 108,405 | 5.04 | |
| FAITH AND LIFE | 51,329 | 2.38 | |
| BOARD OF COMMUNICATIONS | |||
| MB Herald | 342,619 | ||
| Mennonitische Rundschau | 95,494 | ||
| Le Lien | 37,775 | ||
| Chinese Herald | 15,000 | ||
| Board Expenses | 3,000 | 493,888 | 23.00 |
| Historical Centre | 104,960 | 4.88 | |
| TOTAL CANADIAN CONFERENCE | 1,277,625 | 59.45 | |
| GENERAL CONFERENCE | |||
| MB Biblical Seminary | 465,200 | ||
| Board Expenses | |||
| Faith and Life | 22,050 | ||
| Executive Board | 42,980 | ||
| Resource Ministries | 77,970 | ||
| Trustees | 25,000 | ||
| Promotion | MBBS | 30,000 | |
| Revenue | (50,000) | 613,200 | 28.55 |
| TOTAL FUNDING | 1,890,825 | 88.00 |
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