ERIC BUNN SR. 4 NST

 

Moving forward, I plan to focus on Financial Stability and Growth, Financial Management, and Compliance.

 

Financial Stability and Growth:

 

  1. Reserves: Maintaining financial reserves to cover unexpected expenses or downturns            in income.

  2. Diversification of income: Ensuring income comes from various sources such as                    investments and rental income, that have a potential to supplement per capita

 

Financial Management: 

 

  1. Investment Management: Manage investment to balance risk and return, ensuring                funds are available when needed.

  2. Debt Management: by keeping debt at manageable levels and reducing our pension              and post-retirement health care cost. 

 

Compliance:

 

  1. Transparency: Provides clear and accessible financial information to stakeholders (our       members).

  2. Internal Controls: Establishing procedures to safeguard assets, prevent fraud, and               ensure accurate financial reporting.

  3. Assist locals and councils with their financial management. 

 

PRE-Program

 

  1. Prevent: Training and Education: Providing ongoing training for union leaders on               compliance requirements and best practices in financial management.

  2. Rescue: Work with locals and councils to be in compliance

       with DOL, IRS and AFGE.

  3. Enforce: Six-to-nine-month post review to ensure that the recommendations have                been followed and are successful.

 

Effective management in these ensure a financial health, enabling it to effectively achieve its goals.

 

I take pride in our collective accomplishments so that we move from the ROAD TO RECOVERY to a ROAD OF STABILIZATION.

                                

 

 

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