Assessment Review Committee Recommended Waivers
Resolution text
Resolved, that the Executive Council of the Episcopal Church, meeting via Zoom on January 25. 2021, grants assessment waivers and waiver adjustments as follows:
Diocese of Colorado waiver adjustments
- For 2021: reduce from 13.5% to 13%; will go to 13.5% if possible
- For 2022: reduce from 15% to 14.5%; will go to 15% if possible; goal in 2023 is 15%.
Diocese of Easton: 13.5% for 2021
Diocese of East Tennessee: 14% for 2021
Explanation
All three dioceses report loss of diocesan income.
- Colorado requests a 0.5% adjustment in prior waivers which were granted as Colorado works its way back toward compliance after years below full assessment payment.
- Easton wants to reduce its payment to The Episcopal Church and pass that savings on to its parishes by reducing their apportionment.
- East Tennessee wants to offset its income loss and be able to give diocesan staff a 2% COLA.