Resolves of the Executive Council
| Title: | Assessment Payment Waivers | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| ID: | EXC102025.03 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Committee: | Finance (report 018) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Citation: | Executive Council Minutes, October 20-21, 2025, Hendersonville, NC, pp. 5-6. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Text: |
Whereas, The Enabling Resolution (A164), adopted by the 81st General Convention, for the Budget for The Episcopal Church provides: That the assessment formula (Canon l.4.6.b.) for the period January 1, 2025 through December 31, 2027 is adopted based on a single assessment on each diocese. In each year the diocesan total adjusted operating income, as reported in the annual diocesan financial report (Canon l.4.6.j. and Canon l.6.4) for the year two years prior to the year to which the assessment is applied [e.g., 2025 assessments are to be based on 2023 actual income figures], shall be reduced by a $200,000 exemption. A single assessment shall be applied to the remaining amount (balance) at a flat rate of 15%; and it is: Resolved, That the following actions be taken on Diocesan Assessment Relief Requests as indicated:
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| Supplementary Text: |