CAPITAL ASSISTANCE: CHURCH MODERNIZATION AND IMPROVEMENT GRANTS
Financial Resources Handbook
CECM – August 2007
Effective January 1, 2007
The Church Modernization and Improvement program has been approved by Mission through
Finance effective January 1, 2007. The program is part of the Congregational Section of the
Capital Assistance Fund and is used to assist congregations in keeping their church buildings in
functional and safe condition. The total amount available in this fund for any one year is
determined by Mission through Finance Advisory Group based on a portion of the annual
interest earned in the Capital Assistance Fund for the previous year.
A grant of up to $5,000 may be provided to a pastoral charge on a dollar-for-dollar matching
basis within any six-year period. Hence, it is not necessary for a pastoral charge, if it is eligible,
to use all of the $5,000 at one time. For example, a pastoral charge can request $3,500 one year
and reapply for another $1,500 the following year.
Applications are to be submitted before work begins.
Grant applications must conform to the regulations as detailed in this document and must include
a. A proposal of improvements (description of work to be done) and a quote of estimated costs
of all work to be undertaken.
b. Financial statements (assets and liabilities and balance sheet) for the latest year-end, the
current year operating budget for the congregation, as well as the latest quarterly statement.
c. Presbytery and Conference approval. Regardless of the number of applications sent in, the
Conference must set these in priority order. If only one application is sent in and it is
considered by the Conference to be low priority, this should be noted.
Where the cost of the project is considerably in excess of $10,000, separate application may be
made for a loan toward the balance from the Capital Assistance Fund.
Applications will be reviewed on a regular basis by the Financial Support Group (FSG).
On completion of the proj