Definition of "General Funds"; providing for a "cap" on the same.----1. The terms "general funds"...by the preceding General Conference for that particular fund.
2. The General Conference may adopt an upper limit, or "cap", on the budgets of expense, in the aggregate, for the general church funds identified in ¶906.1, for budgeting purposes. If adopted, the cap shall apply to the budgets of expense which the General Council on Finance and Administration is obliged to submit to the next General Conference following that in which the cap is adopted. The budgets of expense, in the aggregate, submitted by the General Council on Finance and Administration for the quadrennium will not exceed the prescribed cap.
3. The upper limit, or cap, imposed upon the General Council on Finance and Administration for the budgets of the general church funds (¶906.1) to be submitted to the General Conference meeting in the year 2000 is $450,000,000.00.
General Conference Webmaster: Susan Brumbaugh
PETS Creator: John Brawn
Petition Text: 20417-FA-910-D
1996 United Methodist General Conference