Please see an update below regarding the financial affairs of the Component.
Banking and Investments
As of June 14, 2024 we have:
Desjardins Credit Union :
- $3,300,000 @ 5.75% Maturing on August 24, 2024
- $1,100,000 @ 5.75% Maturing on September 19, 2025
- $1,400,000 @ 4.80% Maturing on February 26, 2026
We also have a balance of approximately $1,800,000 in our savings account, earning 5% interest.
Statement of Operation
Q3 2023 (January 2024 – March 2024)
Please see below the Unaudited Statement of Operation for the 3rd quarter of 2023-2024, covering the period between January 1, 2024 to March 31, 2024.
Highest Earner report Q3:
Jan. 2024 – $11,140.67
Feb. 2024 – $11,790.67
Mar. 2024 – $10,325.33
2024-2025 Component Budget
Our last ACCEX meeting took place in May 2024. During this meeting, the 2024-2025 Component budget was unanimously approved by ACCEX.
Audits
I am pleased to announce that CUPE National has granted us a cost-share of $904,000 to put towards specific needs for our upcoming bargaining. The 2021-2022 audit was a necessary requirement for the cost-share application.
The Component trustees are currently auditing the 2017-2018 fiscal year.
Happy flying,
Guillaume Leduc
Secretary-Treasurer, Air Canada Component of CUPE