nineteen hundred and forty-six - Amazon Web Services

ANNUAL 19
BUSINESS AND FINANCIAL PLAN
In order to give assurance to the contributors to the work of the Convention
and its agencies that everything humanly possible will be done to avoid debts,
and in order to acquaint the denomination with the business methods of the
Convention and of its agencies, the following was adopted by the Convention
May 18, 1939:
I. Operating Budgets
1. Agencies Sharing in the Allocation of Funds
The various agencies of the Convention sharing in the allocation of funds
shall make their operating budgets in the following manner:
(1) The current operating budget of the various boards and agencies of the
Convention shall be made on the basis of the cash receipts, distributable and
~ designated, for the regular work of the previous year, not including wills, bequests,
and special gifts for specific purposes, and any debt incurred within the
current year shall become a preferred item in the budget of the ensuing year.
(2) In making the annual appropriations on the basis set forth, a contingent
item shall be set up in the budget according to the needs of the agency.
(3) It is understood that an agency may borrow money for seasonable needs,
provided, however, that such borrowing shall not exceed the amount of its budget
allowance remaining at the time of borrowing, and provided further that if an
emergency should arise additional money may be borrowed on the approval of
the Executive Committee of the Convention.
2. Agencies Not Sharing in Allocation of Funds
The various agencies of the Convention not sharing in the allocation of funds
shall be provided for as follows:
(1) Expenses of Standing Committees and Commissions. The Executive
Committee of the Convention shall recommend to the Convention, after a personal
conference or after correspondence with the chairman of the various standing
committees and the various commissions, a sum of money to be appropriated
to each of them for the calendar year, and, also, shall recommend the source from
which the appropriation shall be derived.
(2) Expenses of Special Committees.
(a) The expenses incurred by special committees appointed by the Convention
to perform duties connected with one or more agencies of the Convention
shall be borne by the agency or agencies concerned on a basis pro rata to receipts;
provided the expenses are not otherwise specifically provided.
(b) The expenses incurred by special committees which do not directly
concern any of the agencies shall be borne by the Sunday School Board, if not
otherwise provided for; it being understood, however, that unless the amount
of expenses is fixed by the Convention, the Sunday School Board shall agree,
before the expenditure is made, to the amount to be expended.
(c) Itemized accounts of expenses of committeemen shall be required
before any such expenses are paid.
3. Convention Budget
Each agency of the Convention shall submit to the Executive Committee of
the Convention, for its approval, at its regular December meeting: (1) An
itemized statement of its receipts and of its expenditures for the year ending
November 30, preceding the December meeting of the Committee. (2) An itemized
estimate of its receipts for the next year. (3) An itemized estimate of
its expenditures for the next year, according to the rules set forth above for
making operating budgets.
The Executive Committee shall, as required by the By-Laws of the Convention,
recommend to the Convention an operating budget for the Convention
year, which budget shall consist of the sum of all the budgets of all the institutions
and agencies which have been submitted to the Executive Committee at
its December meeting and approved by it, and to recommend the percentage of
Southwide funds to be allocated to each cause or agency. The operating budget
shall include all agencies of the Southern Baptist Convention.
II. Convention Expenses
The expenses of the Convention in connection with the publication and distribution
of the Annuals, and all other expenses incurred in connection with the