As we have congregations and ministries to celebrate, we also have some challenges. As a diocese, we’re spending a lot more than we should. This year, our draw from our endowments, reserve funds, and trust accounts is more than $1,300,000. Last year, it was more than $900,000. This is not sustainable. While we are still discerning together some of the details about where God is calling us to focus, it is clear that part of our common call in the near future is toward fiscal stability.
As we work toward the Special Budget Convention on December 9, 2023, the diocesan Finance and Budget Committee is preparing the 2024 budget. While there is still much to be done, it is my hope that we will be able to take some substantial steps toward closing the gap between our income and our expenses. We are already taking steps to decrease expenditures in some key areas.