The Acts of Convention

Resolved, That

2.0 The funding policy in support of the General Convention budget for the period January 1, 1995 through December 31, 1997 is adopted as a single Asking from each Diocese, to which is added all other revenue for the budgetary period 1995-1997.

2.1 The single Asking is based upon a choice of either the 1994 combined Apportionment/Assessment payment by each Diocese or a graduated percentage basis established on five incremental income ranges, based on each current year's diocesan income from parochial giving and all unrestricted general operating income.

2.1(a) For the budgetary period 1995-1997 the graduated percentages applied to each current year's diocesan income shall be as follows:

16% of the first $500,000 of income

19% of the next $500,000 of income

22% of the next $1,000,000 of income

25% of the next $2,000,000 of income

20% of income over $4,000,000

2.1(b) In 1996 and 1997, if the diocesan choice is based on the 1994 commitments, a three percent adjustment increase will be applied each year.

2.2 For the budgetary period 1995-1997 and in accordance with the funding policy described in Section 2.0 and Secton 2.1(a), the projected Askings are a total of $85,168,969, as follows:

For the year 1995 Askings of $27,425,656

For the year 1996 Askings of $28,378,381

For the year 1997 Askings of $29,364,932

2.3 For the budgetary period 1995-1997 and in support of the funding policy described in Sections 2.0, 2.1(a) and 2.1(b), payment of the Askings by Dioceses shall be made in twelve monthly payments.

2.4 All other revenue for the budgetary period 1995-1997 is estimated using prior years' experience as a guide for a total of $45,952,025 as follows:

For the year 1995 Other income of $14,944,929

For the year 1996 Other income of $15,177,588

For the year 1997 Other income of $15,829,508

2.5 A General Ordination Examination fee is hereby authorized which fees shall be added to the funding from Dioceses and applied to the expenses of examination as appropriated in the budget. A candidate for Holy Orders eligible for examinations and so certified by the Diocesan Bishop shall not be disqualified for examination because the fee has not been paid.

2.6 General Convention registration and exhibitors fees are hereby authorized, which fees shall be added to the funding from Dioceses and applied to the expenses of the 1997 General Convention, and for no other purpose.

2.7 All Special Offerings and Restricted Funds received during the budgetary period 1995-1997 shall be used for the purposes designated, and for no other purpose.