From ELO (This is where I am)
The Episcopal Church's Executive Council began its three-day fall meeting here Oct. 23 with an agenda that includes consideration of a Church Center 2011 budget that is five percent lower than the version adopted by General Convention in 2009.
Revenue in the proposed reduced budget is $2.1 million less than originally projected, with income from dioceses projected at $682,946 less than expected. The revenue reductions come "as a result of an unpredictable delayed payment by one diocese," as well as major cuts in Church Center spending that also will result in less revenue, according to a memo to council members from the church's Finance Office. The specific diocese has not yet been disclosed.
Total revenue is projected to be $37,147,458, while total expenses are budgeted at $36,966,829.
The proposed budget calls for ceasing publication of the Episcopal News Monthly and Quarterly publications; closing the Episcopal Books and Resources retail bookstore at the Church Center in New York City and its online store; and ceasing the resource-shipping operation that serves EBAR as well as Episcopal Church Foundation, Episcopal Relief & Development and United Thank Offering. Those agencies have been offered alternatives for fulfilling their orders.
The proposed elimination of EBAR and the two publications means a loss of revenue, but also reductions in Office of Communications expenses. Proposed expense cuts in the Office of Communication total $812,332.
Episcopal News Service's online operation will continue and is due to be expanded in terms of multimedia. Its stories are available free to other church publications. The "Episcopal Church Welcomes You" signs, currently unique to EBAR, would be available for sale from the Christian Alliance for Media (an Atlanta-based organization that began in 1945 as Episcopal TV and Radio Foundation).
More here-
http://www.episcopalchurch.org/79425_125352_ENG_HTM.htm
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