Presbytery Reformation Task Force Plan for Debt Repayment
What is the Presbytery Reformation Task Force (PRTF)?
The Presbytery Reformation Task Force was appointed by the Presbytery Council in January 2008. This group of men and women, clergy and lay people,was charged with developing recommendations to the Presbytery Council for the presbytery’s future, including the development of a financial plan for the repayment of two major loans and any resulting revision in the Presbytery’s vision, mission, and organizational design.
The full amount of the loans will be due in August 2010. The PRTF has been exploring several alternative approaches. Each approach is complex and difficult. The Presbytery Council has approved a multi-faceted plan by the PRTF. In this plan, the PRTF takes steps within several possible strategies all at the same time. They pursue each one until they find a workable debt retirement option or come to a dead-end. The PRTF hopes the combination of workable strategies will create the overall plan for full debt retirement.
Timeline
The Task Force is implementing each of these steps expeditiously. PRTF will report its progress, including recommendations when available, at each Presbytery Council and Assembly meeting for the remainder of 2009. A summary report with final recommendations will be presented by PRTF to Presbytery Council in January 2010.
