Component Secretary-Treasurer’s Report – January 2020

Firstly, I would like to wish everyone a great start to 2020! It’s also time for an update on the Union’s finances as we have just passed the halfway point in our fiscal year.

Building Improvements
The Component’s main office is located at 25 Belfield Road. As part of this year’s budget, ACCEX approved capital improvements to our aging building.

We recently installed new windows in the entire building as well as a programmable thermostat. These two improvements have drastically increased our buildings efficiency, as both our Hydro and Gas bills show almost a 50% decrease in energy usage over the same period last year.   Not only is this great for the environment but it will also reduce our heating and cooling costs.

The interior of the building also received a fresh paint job in a more modern colour. It has helped to brighten up the building, please see the pictures below:

                                       

Component Trustees and Audits
Our external auditors are close to completing audits on the 2016, 2017, and 2018 Year Ends. The Component Trustees are scheduled, for two weeks at the end of this month, to conduct an audit on the remaining portion of the 2015 Year-end that was not audited last term.

Highest Earner Top-Up
Please see the table below for the highest earner in the bargaining unit for the past five months:

Block Month Highest Earner
Jul 2019 $9,521.33
Aug 2019 $9,896.00
Sep 2019 $9,825.33
Oct 2019 $9,350.00
Nov 2019 $9,290.00

 

Financial Report – First Half of 2019-20
During the first half of this fiscal year, we have brought in $2,578,653 in union dues.  From that amount we paid the Locals, $455,700, and paid $783,452, to CUPE National. We spent $598,121 on Committees and direct member to Union contact (grievances, lawyers, Health & Safety, etc.) at the Component Level.

In Solidarity,

Alex Habib
Secretary-Treasurer, Air Canada Component of CUPE