The Union shall, where practicable, deposit all monies with organized Credit Unions or organized branches of chartered banks. Any investment deposits will be held in an ethical investment fund.
The Provincial Executive shall arrange that all bonds and securities of the Union be kept in a safety deposit box in safekeeping, where practicable, at an organized Credit Union or organized branch of a chartered bank of British Columbia, to be released only on the signature and personal appearance of the Union Provincial Secretary-Treasurer and Provincial President with one (1) other member of the
(a) A revenue of the Union shall be derived from monthly dues to be charged to members of the Union at a rate to be determined at Convention.
(b) A member substituting into a term certain excluded position shall be required to pay union dues based on his/her regular excluded monthly salary during the period of exclusion.
(c) Any increase in the dues rate must be ratified by a majority referendum vote of the whole membership.
An initiation fee of sixty dollars ($60.00) or such other amount to be determined at Convention, shall be charged each person joining the Union. Where an employee can produce a withdrawal card from any Union affiliated to the Canadian Labour Congress, initiation fees shall be waived or reimbursed.
Membership assessments for special purposes, by way of payroll deduction, may only be made upon approval of the membership through a referendum vote except in a strike situation in which case that approval may be made by the Provincial Executive.
All Union monies shall be administered in strict accordance with the Union's Financial Guide. The Union's Financial Guide may be amended by majority vote of delegates in Convention or of the Provincial Executive.
No Union funds shall be disbursed except at the negotiation of a cheque drawn on a bank or credit union account in the name of the Union.
All cheques issued against the funds of the Union shall be signed by any two (2) of the following:
a) Provincial President b) Provincial Secretary-Treasurer c) Bookkeeper d) Provincial 1st Vice-President
The Provincial Executive shall appoint auditors who shall make an annual audit of all the books and accounts of the Union and render a report to the Provincial Executive at the end of each fiscal year.
The Provincial President, Provincial Secretary-Treasurer, Bookkeeper and the Provincial 1st Vice-President shall be bonded in the amount decided by the Provincial Executive.
The Union shall engage safety deposit box(es) for safekeeping of Union documents.
Union assets shall be insured against fire, theft and damages.
The fiscal year shall end on the last day of May of each year.
All financial books, accounts, etc. of the Union shall be open for inspection by a member of the Union at any reasonable time upon written request by the member to the Provincial Secretary-Treasurer. The books and accounts shall be kept in such a manner that they can show wage replacement and expenses for each committee, and the wages and benefits can be broken down into wages of the Provincial President, wages of the clerical support staff and wages of the agents. Any time that miscellaneous exceeds $1,000.00 a full explanation of the expenses shall be recorded.
(a) Employees of the Union shall be paid in accordance with their contracts.
(b) A member of the Union who is booked off the job for legitimate Union business shall be compensated by the Union for any lost wages from the Corporation at the appropriate salary rate they would be receiving were they not absent on Union leave, including substitution if applicable.
(a) Donations from Union funds shall only be made in accordance with the financial policy of the Union outlined in Article 19.
(b) No donations, levies, or assessments shall be made to established political parties.
(c) The Union Provincial Executive will have the authority to approve grants by majority vote.
(d) The Union shall support the B.C. Federation of Labour Defence Fund. The Provincial Executive shall allocate the actual amount of donations.
(e) The Union shall make donations to other organizations making requests for financial assistance when approved by the Unionís Provincial Executive.
The Provincial Executive shall allocate the actual amount of the donation.
All requests for financial assistance from other Unions for strike fund assistance, shall normally be referred to the B.C. Federation of Labour.
The Provincial Executive shall consider all applications for assistance made by a member through his/her Local Welfare Committee.
The Union shall contribute to the financial assistance of each Local. Annual assessments of ten dollars ($10.00) per local member will be paid to each Local. Locals with a bank balance over $12,000 on January 1 will not be entitled to receive that local's per cap. Any money not given to a local will stay in the per capita fund pool and be shared among other locals.