C033 Adjusting Diocesan assessments to the Wider Church
Resolved, the House of Bishops concurring,
That the 81st General Convention approves an assessment formula (Canon I.4.6.b) for the period January 1, 2025 through December 31, 2027 based on a single assessment of each diocese. In each year, 2025-2027, the diocesan total adjusted operating income, as reported in the annual diocesan financial report (Canon I.4.6.j and Canon I.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 13.5%; and be it further
Resolved, That the 2025-2027 Episcopal Church budget shall be adjusted and managed as set forth in the Canons, Rules of Order, and Executive Council policies and procedures; and be it further
Resolved, That the 81st General Convention of the Episcopal Church asks Executive Council to set a plan for lowering the diocesan assessment to 10% by 2030.
Explanation
The 140th Convention of the Diocese of East Carolina submits the following resolution to the 81st General Convention of the Episcopal Church and encourages all other dioceses to endorse this or similar resolutions at their 2023 Diocesan Conventions and Councils in advance of the 2024 General Convention.
This resolution was adopted the 11th day of February, 2023 by the 140th Convention of the Diocese of East Caraolina.