2006-2008 budget cuts will total $9.15 million
LOUISVILLE -- The General Assembly mission budgets must be reduced by a total of $9.15 million between now and 2008, General Assembly Council (GAC) leaders announced on March 14.
A total of $2.7 million has to come out of the unrestricted 2006 budget, and $3.51 million more from the 2007-2008 mission budget. In addition, the restricted portion of the 2007-2008 budget must be reduced by $2.94 million.
The current mission budget -- unrestricted and restricted -- is $113.9 million. The GAC will vote on the budgets during its April 26-29 meeting.
Staff cuts resulting from the budget reductions will probably be announced on May 1.
This is clearly part of a longer trend in the church and probably most churches," GAC Executive Director John Detterick told the Presbyterian News Service in a March 15 interview. "Presbyterians are funding mission differently -- they are giving to their churches in larger amounts, but are more directly involved both in activity and funding."
The 2006 cuts are based on declining unrestricted giving by Presbyterian Church (U.S.A.) congregations and presbyteries. Unrestricted receipts in 2005 were $13.9 million -- $2.1 million less than the $16 million budgeted. The 2006 budget, also of $16 million, has been revised to $13.3 million