days until our Collective Agreement expires, we are preparing, we are united and we will make change.

Secretary Treasurer Q3 Report – January to March 2024

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

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