Financial Management & Development Committee

FMD provides financial oversight of the work of the General Synod. The department produces budgets, pays bill, and raises and collects funds for the work and mission of the church.

Mandate / Terms of reference

(from appendix B, section 3, of the Handbook of General Synod)

(The Committee is responsible for the tasks assigned in Canon VI )

Purpose:
To provide financial oversight to the work of the General Synod in the areas of financial management and development.

Responsibilities:

1. Manage and control funds and investments.
2. Direct and oversee administrative and financial concerns.
3. Oversee all financial development programs and initiatives of the General Synod.
4. Monitor financial needs of dioceses across Canada, offering financial development advice and programs and suggesting opportunities for financial growth.
5. Provide financial and administrative support to dioceses as requested in such areas as planned giving, legal, personnel, organizational and property issues.
6. Coordinate and propose to the Council of General Synod all components of a budget for national church work, in consultation with appropriate committees and councils.
7. Set revenue expectations and seek revenue support for international and national mission and ministry from the dioceses through the apportionment/assessment requests.
8. Provide a central link for networks for financial development and financial management volunteer networks, offering them skill expansion opportunities regularly.
9. Maintain and coordinate accounting systems.
10. Appoint bankers, insurance agents, etc.
11. Propose signing officers to the Council of General Synod.
12. Coordinate the work with other councils and committees through the Mission Coordination Group.
13. Report to the Council of General Synod.
14. Encourage theological reflection on stewardship and on the committee’s mandate.
15. Within the Committee’s mandate, do functional strategic planning and visioning.
16. Maintain liaison with the House of Bishops.
17. When deemed appropriate, invite partners (international, ecumenical, or internal) to join the committee.

See also:

Appendix H: Regulations of the Financial Management and Development Committed for its Sub-Committees

Membership (2007-2010)

The Rt. Rev. David Ashdown (Keewatin)
The Venerable William Clarke (Ontario)
Mrs. Judy Darling (Ottawa)
Mr. Robert Dickson (New Westminster)
The Rev. Sister Constance Joanna Gefvert (Toronto)
The Very Rev. Michael Hawkins (Saskatchewan)
Mrs. Suzanne Lawson (Toronto)
Ms Falen McNulty (Fredericton)
Mrs. Monica Patten (Ottawa) - chair
Mr. Arran Thorpe (Nova Scotia & Prince Edward Island)
Mr. Dan Waterston (Niagara)
Mr. Mike Wellwood (New Westminster)

Links:

• FMD Department home page