LOUISVILLE — PC(USA)
staff leaders have decided that they will make all of the $3.1
million in cuts needed to balance the 2005 and 2006 General Assembly
unrestricted mission budgets this spring.
Financial officials estimate that the total gap between income
and expenses for the unrestricted portion of the budget will be
$4.5 million. Based on previous experience, General Assembly Council
entities can be expected to underspend their budgets by a total
of $1.4 million, leaving the $3.1 million gap.
John Detterick, the executive director of the GAC, attributed
the need for budget-cutting to several factors:
- Downward trends in unrestricted giving by congregations;
- Reduced income from investments as the U.S. economy continues
to recover;
- The GAC’s recent adoption of its Mission Work Plan,
which calls for several new programs and a reallocation of resources
to match the plan’s priorities.
On Feb. 19, Detterick established budget-cutting targets in the
unrestricted budget for each of the major GAC entities: |
