Presentation on theme: "Budget & AGM Process The membership at the AGM approved postponing approval of the budget to today. The motion was as follows: Moved/seconded (Shawn."— Presentation transcript:
Budget & AGM Process The membership at the AGM approved postponing approval of the budget to today. The motion was as follows: Moved/seconded (Shawn Swallow/Damian Duffy): “that the approval of the comprehensive budget for the period July 1, 2004 to June 30, 2005 be postponed until the Extra-Ordinary Meeting to be held Dec. 2 nd, 2004.” Carried.
AAPS Treasurer’s Report Strategic Outlook Budget 2004 / 2005
Handouts 2004/05 Budget Notes of this presentation
Agenda AAPS Strategic Plan Highlights Background on Current Situation Key Budget Principles Proposed Budget 2004/05 Motion to Accept Budget as Proposed Discussion Vote on the Budget
Key Budget Principles No deficit Maintain appropriate reserves Dues increases only as last resort Prudence: Address all known revenues and expenditures Achievable Time to assess whether new expenses are temporary anomalies or permanent situation.
Consultant Expenses Temporary and technical assistance with: Advocacy Negotiations Compensation Grievance Financial planning and assessment Filing & office systems Total:$111,764
Administration Expenses The same as last year except for: Salary continuance$48,500 Market survey (AAPS share)$51,750 Rent$20,000 Temp assistance$35,000 Insurance$13,000 Contingency $3,000 Total new$171,250
Budget Motion 1.That the dues for the Association of Administrative and Professional Staff be increased from the present.3% of gross salary to.54% of gross salary, effective Feb. 1st, 2005. 2.That the Executive Board recommends approval of the Proposed Budget for the 2004/2005 year.
Discussion & Questions
Budget Options 1. Fund $260,000 from contingency 2. Fund $260,000 from dues 3. Fund $260,000 from a combination of contingency & dues Notes: Each $100,000 = 0.001 of dues Option 2 requires dues to rise from 0.003 to 0.0056 of salary
How Much Are Dues? Currently 0.003 of salary A member earning $50k pays per pay: At 0.003 = $5.77 At 0.004 = $7.69 At 0.005 = $9.62 At 0.0056 = $10.77 [UBC FA pays 0.00528]
Dues Survey OrganizationDescriptionDues AAPSUBC0.3% AAPSASFU Admin and Professional Staff Association 0.45% Faculty Assoc.UBC Faculty0.528% FSABCIT - Faculty & Staff Association (certified union) 1.0% FSAUniversity College of the Fraser Valley – Faculty and Staff Association (certified union) [450 faculty, 300 staff] 1.5% PIPSCProfessional Institute of the Public Service of Canada (certified union) $47/month or $564/year or approximately: 0.9% ~