Resolves of the Executive Council

Resolved, That the budget for the General Church Program for the year 1980, as summarized in Exhibit "A" attached to this resolution, is adopted in the total amount of $15,245,000; and for the years 1981 and 1982, the total amount shall be determined by:

Estimated Apportionment Income based on the formula stated in Paragraph 1.1 and

Estimated Other Income, using each prior year's experience as a guide.

The Apportionment to Dioceses for the year 1980 shall be $ 13,297,483 and for the years 1981 and 1982 shall be arrived at by applying the fixed percentage against the then known NDBI as stated in Paragraph 1.1.

1.1 The quota apportioned to each diocese shall be a percentage of the Net Disposable Budget Income of that diocese, as such income is defined in Paragraph 1.2 of this resolution, for each year as follows:

In 1980 each diocese's percentage rate shall be decreased by one-one hundredths of one percent (.0001) of the 1979 rate, provided that the resulting percent does not exceed .0410% or fall below .0340%.

In 1981 at a fixed percentage of the 1978 NDBI.

In 1982 at a fixed percentage of the 1979 NDBI.

The resulting apportionment cannot exceed the previous year's apportionment by more than 10% for any diocese.

1.2 The Net Disposable Budget Income of the Church in a diocese shall be the sum of Parish Receipts for General Purposes (items 1751, 1752, 1753, 1755 and 1756 of the Parochial Report) and Diocesan Endowment and Other Income for Budgetary Purposes (A-2 and A-4 of the Diocesan Report). The Income (NDBI) reported for the year 1977 shall be the basis for the apportionment for the year 1980; that reported for 1978 for the 1981 apportionment; and that reported for 1979 for the 1982 apportionment.

1.3 The Executive Council, in its exercise of the authority vested in it by Title I, Canon 4, Section 6 (b), shall be subject to the following restrictions:

1.3.1 Each year, the Executive Council, with the advice of the Joint Standing Committee on Program, Budget and Finance, shall adjust the General Church Program Budget to the assured income of the Council so as to carry out the Program for that year on a balanced budget basis;

1.3.2 Income from trust funds available for budgetary purposes shall be so applied in the year subsequent to receipt, and not in the year of receipt;

1.3.3 Any "lapsed balance" in an appropriation for a fiscal year may be treated as income available for budgetary purposes in the ensuing year, or for the accumulation of a reserve for emergencies, and shall be used for no other purposes;

1.3.4 Undesignated legacies received during the triennium shall be set aside in the General Endowment Fund, of which only the income shall be used for the general purposes of the Society.

1.3.5 The Executive Council shall be responsible for officer and employee personnel policies, and for supervising the expenditure of funds implementing such policies;

1.3.6 If in any year the total anticipated income for the support of the General Church Program will be less than the amount required to support the Program approved by the General Convention, appropriations included in the Program for that year for the Joint Committees, Commissions, Boards and Agencies of the General Convention shall share in any decreases necessary to maintain a balanced budget.