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Friday, March 13, 2009

Form LM-2 Labor Organization Annual Report

DOL requires that every union/local representing private sector employees, with receipts of $250,000 or more file a yearly LM-2. You can take a look at what ATU Local 1001 has filed by clicking on the title to this post. This will take you to to a DOL search page. There is a drop-down labeled "Union Name". Select "ATU-Transit Union AFL-CIO". In the "Designation Number" type in "1001" and click "Submit" The DOL file number is 573-755. Very interesting! Boy, you folks sure pay a lot of salaries.

The only report filed by the local covers July 1st - December 31st, 2007. Prior to that, Local 1755 filed a LM-2 to cover January 1st - June 30th, 2007. I'm not smart enough to understand the reports but I have a brother, Chuck, who's a CPA and has owned his own firm for about 25 years. I'm absolutely certain there are no inconsistencies; I'm just curious as to who my dues went to.

It would seem that Local 1001 was not required to file a LM-2 prior to First Transit employees joining the local, evidently locals representing only Public Sector employees have different requirements. Both the 1755 and 1001 2007 reports were dated December 18th, 2008.

You're welcome to view the full reports and I may have more questions in the future. For right now, Mr's Carter, Alton, Rivera and Trujillo: Local 1755 had $14,920 in cash and $14,920 in Accounts Payable when Mr. Cook filed the terminal report. Where is that money shown in the Local 1001 report? As I said, I'm not smart enough to understand the reports so I suppose it must be lumped into line 48 - Other Receipts. I'll have Chuck check it and report back.

I previously went through the by-laws and computed the allowed salaries for the officers, then listed the amounts. Here are the union disbursements to the four officers for July 1st - December 31st, 2007:

Holman Carter - $33,409
Howard Alton - $21,440
Julio Rivera - $33,798
Rudy Trujillo - $29,646

Hmmmm, do those figures match what the by-laws say?

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