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MC Canada finances holding steady

   

Nov 15, 2005
-by Dan Dyck

Winnipeg, Man. — Mennonite Church Canada is reporting an encouraging financial situation to this point in the year. At General Board meetings (Nov. 3-5, Winnipeg), leaders reported that financial results to the end of October are 2.4% ahead for revenues, and 2.6 % below for expenses as compared to the financial plan for this fiscal year.

Treasurer and General Board member Clare Schlegel spoke with confidence about MC Canada accounting procedures. “The state of MC Canada’s books are as good or better than many organizations. To have month-end and year-to-date information available within a few days is extraordinary,” he said.

While the overall results are positive, staff is closely watching congregational giving, which this year is slightly less than last year.

“Congregations continue to be generous partners in all kinds of ways,” said Al Rempel, director of Resource Development. “Several congregations this year are funding new building or building expansion projects, and this may be having an effect on giving to MC Canada,” he added. The total value of gifts from individual givers continues to trend upwards, offsetting the decline from congregations.

This year is comparable to patterns from previous years: Mennonite Church Canada normally receives 44.3% of its income in the last three months of the fiscal year (Nov., Dec., and Jan.).

“We are thankful for the generosity of givers and prayerfully encourage strong financial support from all of our ministry partners in these last months,” said incoming General Secretary Jack Suderman. “We are considering some exciting opportunities for ministry growth and development. Hopefully we will be able to commit once we are confident that the year has finished well.”