namb_budgetcuts_90803
Posted: 9/5/03
NAMB cuts $11 million from 2004 budget as income wanes
ALPHARETTA, GA (ABP)–The North American Mission Board plans to cut $11 million from its budget next year, which will eliminate 31 full- and part-time positions–some of which are vacant–and leave seven current employees without jobs.
The proposed $118 million budget–6 percent less than this year–awaits approval by trustees of the Southern Baptist Convention agency during their meeting Oct. 8.
The 2004 budget cuts $3 million from travel expenses, $1.6 million in communication projects, more than $4 million from support of various programs and $1.7 million from personnel expenses.
09/05/2003 - By John Rutledge