Policy on

SURPLUS DIOCESAN BUDGETARY FUNDS

November 1979

Each year, if and when it shall appear to the Committee on Ways and Means that the budgetary items for the current fiscal year shall have been funded and that there shall appear to be an actual monetary surplus, the Committee shall notify the Board of Directors of the Episcopal Corporation of the amount of such anticipated surplus. The Board of Directors is authorized to take immediate, appropriate action; to develop additional programs for the extension of Christ’s Church; and/or to expend such funds for the Mission of the Church at home or abroad, in order to utilize such funds as responsible stewards of God’s gifts.