3 Year Financial Planning Framework

The Diocese of Ontario is experiencing change in many ways in the life of our churches and we continue to adapt and evolve as we move forward in our shared  mission, ministry and parish life. With our diocesan vision and strategy in place for a number of years, each year that vision is included in our planning and each year we consider our progress.

With continuing changes due to COVID-19 and with the continued changes in the communities that our churches are part of, it has become more important to look at a longer financial planning horizon and to begin work in key areas in the life of our diocese.

With Synod now being held in the spring (May), and the resulting complications that presents around planning for the next years diocesan budget, the Diocese of Ontario has begun a process of working towards a 3-year financial plan. This 3-year plan will layout the key areas of ministry and the general budget structure that the diocese would follow for the next triennium.

The 3-year plan will be reviewed each year and updated as needed. The plan would come to Synod (meeting every two years) for discussion and approval. The plan will be based on consultation and discussion across the diocese and each year the detailed annual operating budget will be developed through consultation, inputs, factors and review. The annual operating budget will be approved in Oct/Nov of each year by Synod Council, consistent with the role of Synod Council laid out in the Canons.

The diocese will provide a financial update mid-year and at the end of each year on progress, performance and results, continueing to evolve and further develop the financial framework, tools and processes moving foward.