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Thursday December 4, 2008

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Overview

As befits a union representing workers at Revenue Canada and its successor Agency, the UTE watches its pennies and takes its finances very seriously.

A National Finance Committee, chaired by the UTE Vice-President responsible for Finance, was established in 1996 to oversee all union expenditures.  Two additional members of the Executive Council plus a member elected by the Presidents' Conference and the staff Finance Administration Officer round out the committee’s membership.

The mandate of the committee includes:

  • Ongoing review of the UTE’s financial position.
  • Recommending changes to our by-laws or regulations regarding financial matters.
  • Detailing guidelines for expenditures on such specific items as conferences, equipment acquisitions, computer communication, etc.
  • Developing the Triennial Convention budget that is presented to the Executive Council for approval.

Despite expanded services, prudent financial administration has kept our union in a sound financial position. This has been achieved through wise investments, as well as using fiscal responsibility when dealing with our expenses.

 


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