Canon D-2: The General Fund

establishment of the fund:

1) There shall be a General Fund to provide for the necessary expenses of the Diocese and for missionary outreach purposes.

2) The Fund shall be derived from the following sources:

a) an apportionment levied annually by Synod on parishes according to Canon D-4;

b) special appeals authorized by Synod;

c) income from investments in Synod trust funds other than capital appreciation;

d) income from investments in The Special Purposes and Local Trusts Fund which is so designated by the source or the Executive Committee;

e) income from investments in The Special Purposes and Local Trusts Fund designated for missionary purposes;

f) income from Diocesan investments;

g) a synod office administration fee on income from investments in the Special Purposes and Local Trusts Fund as set, from time to time, by the Executive Committee;

h) a synod office administration fee with respect to the William McMurray Corporation;

i) rental income from any Diocesan properties administered in or through the synod office;

j) missionary contributions received by the synod office that are not specifically designated;

k) specifically designated funds received by the synod office from parishes for transmission to General Synod or elsewhere;

l) miscellaneous income.

disbursements from the fund:

3) The General Fund shall be disbursed, with the approval of the Executive Committee, to pay the following:

a) General Synod apportionments;

b) Provincial Synod apportionments;

c) designated missionary outreach work within the Diocese;

d) transmission of funds received by the synod office in accordance with section 2(k) above;

e) the stipend of the Bishop, over and above the Episcopal Endowment, and the salary of the Treasurer of the Synod and the salaries and benefits of other employees of the Synod;

f) stipends and other clergy benefits for all assisted parishes in the Diocese (Amended 1995);

g) adequate compensation for Archdeacons, Regional Deans, and Lay Stewards while on diocesan business;

h) any other expenditure on behalf of the Synod or the Diocese which the Synod or the Executive Committee considers appropriate.

stipends in assisted parishes:

4, a) The Executive Committee may determine, at a meeting in the autumn, the amount to be required from each assisted parish toward the stipend of its incumbent for the following year.

b) The Executive Committee shall secure a certificate from each such assisted parish stating that the parish has agreed by resolution of its Vestry to pay the stipulated sum to its incumbent in equal monthly instalments. Such certificate is to be signed by the Chair of the annual meeting and the churchwardens. (Amended 1953, 1956, 1961, 1976).

5) The Executive Committee shall confer and arrange with the representatives of any assisted parish as to the amount to be contributed to the maintenance of a resident cleric in the following circumstances:

a) when there is no incumbent in the assisted parish; or

b) at the request of the churchwardens; or

c) at the desire of the Bishop.

6) No aid shall be given to any assisted parish which shall be considered by the Executive Committee to be unwilling to do its part towards the support of a cleric.

7, a) No assisted parish contributing less than one-third of the amount of its cleric’s stipend shall be entitled to the ministry of a resident priest or deacon.

b) Section 7(a) shall not apply to First Nations missions.

minimum stipend levels:

8) The Executive Committee shall determine the scale of Diocesan minimum stipend levels and other clergy benefits.

failure of an assisted parish to contribute to stipend:

9. a) In every instance in which an assisted parish fails to contribute the amount assessed, the Executive Committee shall make immediate enquiries of the representatives of the congregation as to the cause of the non-fulfilment of its assessment.

b) The Executive Committee shall take such action as it sees fit.

10) When a cleric’s stipend is paid in part from endowment, the General Fund shall be relieved by an amount equal to that received from the endowment.

(Revised 1976, 1999)

[formerly Canons 5 and 6]

©2001 Diocese of Algoma