BP 11122023 129pm - Flipbook - Page 37
SECTION 9: ASSESSMENT POLICY
Each parish and mission is subject to archdiocesan assessment, Financial Aid assessment and
Archdiocesan Annual Appeal assessment. Contact the Archdiocesan Finance Office if more
information is needed.
• Effective July 1, 2020, a Financial Aid Assessment of 3 percent of income above
$300,000 per year was instituted.
• Starting with the 2021 Archbishop’s Annual Appeal, overage up to 25 percent of goal is
spendable by the parish. Overage in excess of 25 percent remains with the parish to be
contributed to its endowment or be used to pay past-due debt.
The formula by which assessments are calculated is as follows: The regular assessment shall be
computed on total "ordinary church income" as follows:
3% of first $50,000
8% of next $50,000
11 % of next $250,000
15% over $350,000
The regular assessment for any year is computed on income realized in the second preceding
year. For example, the assessment for the fiscal year ending June 30, 2022 was computed on
income realized in the fiscal year ending June 30, 2020.
The assessment for the Archdiocesan Annual Appeal shall be 8% of total ordinary church
income, as defined. The assessment for the Annual Appeal for any year is computed on income
realized in the second preceding year. For example, the Annual Appeal assessment for the fiscal
year ending June 30, 2022 was computed on income realized for the fiscal year ending June 30,
2020.
Church income shall be defined as all income of the church measured in conformity with
accepted accounting principles except for the following:
1. School of Religion income (income received from school of religion activities and classes
not School of Religion expenses).
2. Annual Appeal income received as a result of exceeding the Archbishop’s Annual goal
for a particular parish.
3. Georgia Bulletin cost to the parish for newspaper subscriptions for registered
parishioners.
4. Gains onsale of property used for parish operations.
5. Building fund drives approved by the Archbishop. Drives are limited to three years from
date of approval.
6. Day Care or extended care income.
7. Gain/Losses on stock donations.
8. Bequests
9. Parish organization incomes.
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