Section 1 - Fiscal Period
The fiscal period of UTE shall be the calendar year.
Section 2 - Audit
- The Executive Council shall appoint a firm of public accountants who shall audit UTE's accounts and report thereon to the Executive Council and certify the financial statements issued by the 1st Vice-President responsible for Finance.
- Upon receipt of the auditor's report a copy of the report and the statements shall be sent to all Locals upon approval of the Executive Council.
Section 3 - Property
- Excluding the property of Locals, any property held which is not registered in the name of UTE shall be held in trust by a board of three (3) trustees appointed by the Executive Council.
- The Executive Council of UTE may invest any funds of UTE in the custody of a Chartered Bank, Trust Company, Credit Union or Caisse Populaire, provided that such institution is regulated by a Federal or Provincial authority. Where possible, unionized institutions will be utilized and investments will be made in an ethical manner.
Section 4 - Expenses
- Any member incurring authorized expenses related to traveling, accommodation and any other necessary expenses while engaged on authorized union business by UTE shall be reimbursed in accordance with the Regulation.
- Any member, except the President and the 1st Vice-President and the 2nd Vice-President, required to take leave from their employer or use compressed days for the purpose of carrying out union business authorized by UTE be reimbursed an amount equal to one day's pay for each day of leave taken at the rate shown for their grade and level per the collective agreement then in effect.
- Notwithstanding any authorization stated or implied hereto, any claim by a member for reimbursement of expenditures shall be filed through the National Office within ninety (90) days of the occurrence of such expenditures. A claim filed after the stated period will not be considered as union business authorized by UTE unless the Executive Council reviews the situation and approves the claim.