Resolved, That the following Resolution be adopted by the Executive Council of the General Convention for presentation to the 71st General Convention of the Episcopal Church.
Resolved, The House of ____________________concurring, that
1.0 The General Convention Budget for the period January 1, 1995 through December 31, 1997 which shall include all revenues and expenditures related to Program and Expense is adopted in a total of $129,149,678.
1.1 The Program for the budgetary period 1995-1997 is adopted in a total amount of $86,507,216 as follows: For the year 1995 Program of $28,388,889; For the year 1996 Program of $28,728,156; For the year 1997 Program of $29, 390,171
1.2 The Expense for the budgetary period 1995-1997 to meet canonical responsibilities is $15,416,757 and for the Society (corporation) is $27,225,705, which is adopted in a total amount of $42,642,462 as follows: For the year 1995 Expense of $13,734,484; For the year 1996 Expense of $14,080,864; For the year 1997 Expense of $14, 827,114.
2.0 The funding policy for the period January 1, 1995 through December 31, 1997, is adopted as a single Asking based on each current year's diocesan income from parochial giving and all unrestricted general operating income, which Asking is on a graduated percentage basis established within four income ranges.
2.1 For the budgetary period 1995-1997 the graduated percentages applied to each current year's diocesan income ranges shall be as follows: 15% of income dioceses whose estimated income ranges from $0 to $500,000; 17% of income from dioceses whose estimated income ranges from $500,001 to $1,000,000; 19% of income from dioceses whose estimated income ranges from $1,000,001 to $2,000,000; 21 % of income from $2,000,001 and over.
2.2 For the budgetary period 1995-1997 and in support of the funding policy described in Section 2.0, payment of the Asking by Dioceses shall be made in twelve equal monthly amounts.
2.3 For the budgetary period 1995-1997 and in accordance with the funding policy described in Section 2.0 and Section 2.1, the projected Askings are a total of $88,937,391 as follows: For the year 1995 Askings of $29,067,244; For the year 1996 Askings of $29,648,588; For the year 1997 Askings of $30,241,559.
2.4 All other revenue for the budgetary period 1995-1997 is estimated using prior years' experience as a guide for a total of $45,085,412 as follows: For the year 1995 Other Income of $14,925,314; For the year 1996 Other Income of $14,796,110; For the year 1997 Other Income of $15,363,988.
2.5 A General Ordination 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 no other.
3.0 In the exercise of their respective authorities, the Executive Council of the General Convention and the Joint Standing Committee on Program, Budget and Finance shall be subject to the following policies:
3.1 Each year, the Executive Council, with the advice of the Joint Standing Committee on Program, Budget, and Finance, shall adjust the Budget to the assured income of the Executive Council so as to carry out the Budget for that year on a balanced budget basis.
3.2 The fiscal year shall begin January 1.
3.3 If in any year the total and anticipated income for support of the Budget is less than the amount required to support the Budget approved by the General Convention, appropriations for the Budget in that year, excepting support of canonical responsibilities for the General Convention, the House of Bishops, the House of Deputies, and the Office of Presiding Bishop, shall share in any decreases necessary to maintain a balanced budget.
3.4 All unexpended General Funds in a fiscal year may be treated as revenue available for budgetary purposes in ensuing year(s), and shall be used for no other purposes.
3.5 General Fund income from Trust Funds available for budgetary purposes shall be expended in the year subsequent to receipt, and not in the year of receipt.
3.6 Undesignated bequests and legacies received during the budgetary period shall be set aside in the general endowment fund of which only the income shall be used for the general purposes of the Society.
3.7 Designated bequests and legacies received during the budgetary period shall be set aside in specific funds of which only the income shall be used for the purposes so designated.
