Amendment Proposed to clarify financial “review” vs. “statement” in the NTFC Constitution
Presented to the membership for vote, October 29, 2020
Passed by Membership November 5, 2020
Ratified November 10, 2020
Article V
Duties of officers
Section 4. The Treasurer shall:
f) prepare a financial review statement in accordance with AFT/IFT and AAUP rules and guidelines, present review that statement to the Executive Council or a committee appointed by the Executive Council, and present a final review statement to the membership at a general membership meeting and later transmit the approved review statement to the AFT/IFT and AAUP.
Background
NTFC’s current Constitution requires the Treasurer to prepare a “financial review” and promulgate that review to the Executive Council, membership, and AFT/IFT and AAUP. When our Constitution was ratified in 2014, the term “review” was intended to ensure that the Treasurer present an annual overview of finances. However, AFT/IFT has now specified that the term “review” indicates a more formal process, which would require the union to form a finance review committee (made up of union members) that would complete a series of AFT/IFT forms.
This proposed amendment would specify that the Treasurer would regularly be expected to produce a “statement” (a one-page annual statement of our receipts and disbursements) for the annual process of documentation; AFT/IFT guidelines will still require a “review” that would occur every three years (which would become annual if NTFC’s membership exceeded 300). Finally, this proposed amendment would strike “or a committee appointed by the Executive Council,” which could muddle our internal financial reporting, and reporting to AAUP, which is unnecessary for locals such as ours (as advised by IFT).
You will be asked to vote for one of the following options:
____ Yes. I vote to adopt the resolution put forward to modify Article V.4.f of the NTFC Local #6546 Constitution.
____ No. I vote to reject the resolution put forward to modify Article V.4.f of the NTFC Local #6546 Constitution.
Voting will begin online at 6pm on Thursday, October 29th and end at 6pm on Thursday, November 5th. Any questions can be raised at the All Members Meeting, or you can contact us.
