YUFA

Executive

 
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Budget Proposal 2002-03: PDF version  |  Excel version

For the fiscal year 2002-2003 YUFA has an operating budget of $1,156,335.  Staff salaries and officer compensation account for 45% of the budget. Legal and professional services account for 13% of the budget while various membership dues account for 23% of the budget. YUFA ended the 2001-2002 year with a budget surplus. Most of YUFA's 2001-2002 budget surplus is carried forward into the 2002-2003 budget to offset the anticipated increase in costs. These increases in costs come from increases in, fees payable to labour organizations, Officer compensation, legal services, and travel and conferences.

The National Union Fund, which YUFA joined in January, is budgeted for $8,000. YUFA is in the process of joining two labour organizations, the Toronto and York Regional Labour Council and the Ontario Federation of Labour. The joining of these two labour organizations will increase YUFA's fees payable and for convenience I have included the fees to these two organizations under the National Union Fund. Next year these fees will be broken out on separate lines of the budget.

For 2002-2003 Officer compensation is budgeted to be the same as what was budgeted for in 2001-2002. This year's (2001-2002) actual value was somewhat less than had been budgeted for because there were fewer officers.

The legal services portion of the budget has been increased to account for an increase in the use of legal services relating to a number of outstanding issues and some new issues. The consulting budget has been increased to reflect the on going discussion on post retirement benefits.

The travel and conferences part of the budget has been increased to reflect an increase in travel and conference related expenditures stemming partly from the membership in the National Union and the joining of the Toronto and York Regional Labour Council and the Ontario Federation of Labour.