The Acts of Convention

Resolved,

That the General Church Program Budget (i.e., the General Budget) for the year 1992, attached to this Resolution, is adopted in the total amount of $43,470,000, and for the years 1993 and 1994 the total amount shall be determined by:

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

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

The Apportionment to dioceses for the years 1992, 1993 and 1994 shall be arrived at by applying the fixed percentage against the then-known Net Disposable Budget Income (NDBI) as stated in Paragraph 1.1.

1.1 The quota apportioned to each diocese shall be a fixed percentage of the NDBI of that diocese, as such income is defined in Paragraph 1.2 of this Resolution, rounding out the results to the next highest thousand dollars, for each year as follows:

For the 1992 General Church Program Budget at. 0375 of the 1989 NDBI.

For the 1993 General Church Program Budget at. 0375 of the 1990 NDBI.

For the 1994 General Church Program Budget at. 0375 of the 1991 NDBI.

1.2 The NDBI of every 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). The income (NDBI) reported for the 1989 shall be the base for the Apportionment for the year 1992, that reported for 1990 for the 1993 Apportionment, and that reported for 1991 for the 1994 Apportionment.

2. 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.

2.1 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 of The Episcopal Church to the assured income of the Executive Council so as to carry out the Budget for that year on a balanced-budget basis;

2.2 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;

2.3 Any lapsed balance in an apportionment for a fiscal year may be treated as income available for budgetary purposes in the ensuing year(s), and shall be used for no other purposes;

2.4 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;

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

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

Resolved, the House of Bishops concurring, That

The detailed budget for the Expenses of General Convention and its Committees, Commissions, Boards and Agencies for the period of January 1, 1992 through December 31, 1994, as shown on pages 18 and 19, is adopted in the total amount of

$8,263,895

1.1 The funding of this expense budget shall be provided by an assessment made pursuant to Title I, Canon 1, Section 8. The Joint Standing Committee on Program, Budget and Finance shall divide the total to be raised by assessment into annual amounts for 1992, 1993 and 1994. Each year the Treasurer of the General Convention shall compute the assessment for each Diocese on the basis of its Net Disposable Budget Income. The assessment for each diocese will be on the following basis:

For the 1992 General Convention Expense Budget at. 0027 of the 1989 NDBI.

For the 1993 General Convention Expense Budget at. 0027 of the 1990 NDBI.

For the 1994 General Convention Expense Budget at. 0027 of the 1991 NDBI.

This rate shall be applied to the Net Disposable Budget Income of every Diocese to determine its assessment for each year. The Net Disposable Budget Income used shall be the same as that used for the apportionment to support the General Church Program Budget for the same year. The Treasurer of the General Convention shall notify every Diocese of the amount of its annual assessment concurrently with the transmission of the Diocesan apportionment by the Executive Council.

1.2 The fiscal year for the purposes of the expenses of the General Convention shall be the calendar year. The unexpected balance of any budget item remaining at the end of each year shall be made available for expenditure in the ensuing year by action of the Joint Standing Committee on Program, Budget and Finance. Such lapsed balance may be reallocated after consultation with the Committees, Commissions, Boards and Agencies through a challenge process.

1.3 All payments to be made under this budget shall be authorized by the Treasurer of the General Convention only after the submission of documented vouchers or other accounting documents acceptable to the Treasurer.

1.4 The Treasurer of the General Convention is hereby authorized and directed to develop and administer a system for the control of the obligation and expenditure of the appropriations made in this budget of the General convention. The Treasurer, during the triennium, may exceed appropriated amounts only when assured that the item(s) being overdrawn can be protected by the contingency or other items in the budget. Any adjustments so authorized by the Treasurer must be reported periodically to the Executive Committee of the Joint Standing Committee on Program, Budget and Finance.

1.5 Obligations and expenditures in excess of the amounts appropriated shall not be incurred without prior express approval of the Executive Committee of the Joint Standing committee on Program, Budget and Finance.

1.6 The General Board of Examining Chaplains is hereby authorized to assess a fee for the general ordination examination. All fees received by the Board shall be applied to the expenses of examination, in addition to the amount appropriated by this budget. A candidate for Holy Orders, eligible for examination and so certified by the Diocesan Bishop, shall not be disqualified for examination because the fee has not been paid.