There has always been alot of discussion as
to what do the numbers mean when I present them at the monthly union meeting.
While it is a complicated answer, I try to answer within the time constraints.
BUT, since that is always not possible, I have listed below some websites that
might help put things into perspective when it comes to basic accounting.
While I am not an accountant, I have handled
finances for a local suburban village that has a $40,000,000 budget. The
philosophies are all the same regardless of the size of the budget. Rest assured
that I will scrounge for a cohesive combination between income and expenses.
Welcome to a new segment in our website about Local 1220 finances. While this
subject may sound boring, it is an integral part of our union. Local 1220 funds
our entire union from your union dues. Payroll, arbitration, negotiations,
office supplies, etc, etc are just a few items from a list of hundreds of
expenses that have to get paid daily. It is no secret that membership is down
due to the economy and the availability of jobs, station and freelance. When
membership goes down, it obviously affects incoming dues and the stability of
The officers and staff having been doing a good job controlling expenses despite
an inflationary economy. I believe your financial team is the best ever. There a
many, many eyes watching your money daily. Between BM Rizzo, Treasurer Dan, VP John Trautschold and President Glenn, you have
checks and balances that rival major corporations.
In the upcoming issues of “Financial Korner” we will examine the many aspects of
our union’s finances. Remember, that any member can look at our books with a
simple call to our union office. Feel free to come in see where your dollars go.
Lastly, please pay your union dues on time to insure cash flow and should you
get a call from Marie or Jennifer about past dues, let them know you appreciate
the staff’s efforts.
The December newsletter is available for viewing
Over the phone dues pmts. ended
Working dues are 1.7%
BM Rizzo to supply refreshments after
every union meeting
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