Important news –
August 17, 2018 Deadline for all new applications for PTCC 5%, 10% and 20% grants.
At the June 12 meeting, the presbytery executive decided to defer the June PTCC 20% applications and determined that the final date for new applications for PTCC 5%, 10% and 20% grants will be August 17. This was announced at the June 19 meeting of plenary.
The following factors influenced the decision.
At the June 12 executive meeting, several multi-year 20% applications were received after review by the PTCC Grant Review Team. Other grant applications which have been received earlier this year have been deferred for decision until September because the money would not be required until later in the year.
Presbytery is allowed to use only 35% of the capital in the PTCC fund for grants in any year. PTCC funds have not been topped up for several years which affects the financial resources available for making grants in 2018.