| |
SUMMARY
FOR A.C.R.E. 2004 EXECUTIVE BOARD FINANCES
Income
from Dues : $315,462
Total
Disbursements : - 306,929
Operating
Surplus : $ 8,533
Salary
Structure for Executive Board Officers:
Secretary
/ Treasurer: 4 days per month at highest prevailing rate
for ACRE represented members:
Per
Year: $12,269
Executive
Legislative Director: Conflicting information,
see Note #3:
Trustee
or other Board members:
Voting
members: No pay, stipends etc.
Director:
No pay, stipends etc, reimbursed for receipted
expenses incurred in performance of duties.
Board
Members: Reimbursed for receipted expenses incurred
in performance of their duties.
Actual
Salaries for Executive Board Officers and employees in 2004:
Mark
Amorello - Executive Board Secretary / Treasurer
Salary
$22,542
Exceeded
stated salary structure by $10,273
Jack
Gaines - Executive Legislative Director
Salary
$33,419
No
verifiable salary structure indicated in ACRE Constitution
Mike
Shaw - Trustee Salary $3,251
No
salary structure, expenses only according to Constitution
Employees
– No names listed $2,966
Executive
Board Expenses:
Rent
for office : $100,288
(down from $135,449 in 2003?)
Phone
: 31,080
*Reimbursed
Expenses : 6,880
– Note #1
Equipment
Lease :
15,205
SUBTOTAL
$153,453
Total
all other expenses :
65,231
TOTAL
$218,684
Liabilities:
Accounts
Payable: $
23,100
Security
deposit due to Local 1: 23,070
Assets:
Security
deposit for office: $
59,140
Fixed
Assets (adjusted for depreciation, original cost: $56,251)
21,957
Cash
On Hand: $
32,875
After
deducting accounts payable:
-23,100
Subtotal:
$
9,775
Add
accounts receivable:
39,520 – Note #2
Net
cash: $
49,295
Note
#1: The entry for “reimbursed expense” appears to be the
reimbursement to the MTA for lost earnings incurred by Executive
Board Officers marking off for union business. This sum
appears insufficient for total reimbursement to the MTA
for this practice.
Note
#2: Without the ability to examine ACRE's internal records,
this entry for accounts payable appears to be from Local
1 and most likely Local 9. (Local 9's LM-2's were not on
file as of 5/20/05, LM-2's are required to be filed by 3/31/05),
Local 1's LM-2 lists an entry “Diff. due to money deposited
into wrong in the amount of $20,960 in December 2004 and
corrected in January 2005”. Also under the entry for Total
Liabilities in Local 1's LM-2 is listed $20,960 due to “ACRE”.
Note
#3: The first edition of the ACRE Constitution contained
no provision for a salary structure for the office of Executive
Legislative Director. ACRE amended the Constitution to provide
an open ended salary structure for the position. This was
performed without the knowledge or consent of the ACRE membership.
After
five years of operation, ACRE Local #1 has a cash balance
of $49,245 after deducting accounts payable and the $20,960
due to the Executive Board. This $49,245 averages out to
approximately $10,000 a year operating surplus.
In
five years of Local 77's UTU operation under Bottalico,
Local 77 had a cash balance of $134,000 in the Local Funds
and approximately $70,000 on deposit in Cleveland in the
General Committee account. These figures are as of 3/1/00.
The average surplus for this five year period in the UTU
is approximately $40,000 per year.
ACRE
claimed that if they kept all of the dues money on the property,
instead of sending International dues to Cleveland, they
would perform better financially. This has not occurred.
So, in spite of sending funds to the International each
month, more funds were available under the Internationals
direction in the Local operation. Remember ACRE also promised
a $5 a month dues reduction, that promise was not kept.
Who benefited by not forwarding dues to the Internationals?
NOTE
: All entries for expenditures and income have been
taken from the Labor Management reports, LM-2's filed by
ACRE with the U.S. Department of Labor.
|
