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Sisters and Brothers:

As we are fast approaching the Holiday Season, I am proud to report to you the financial and operational results for the first nine months of 2007 and to submit a 2008 budget proposal for this Board’s consideration. When we met in October in Toronto for our 23 rd Biennial Convention, I reported to delegates from across this country about the last two years. And what I said in front of more than 2,000 delegates in October remains the simple truth: CUPE’s finances remain strong and stable. We are proving again that the plan I proposed to you when I was first elected in 2001 is working and moving CUPE forward. Each of our three funds is performing as it should. The third quarter of 2007’s results bode well for our 2008 budget. It is indeed that time of year when we in the National Secretary-Treasurer’s Office and in Finance and Administration are preparing for the 2008 budget year.

We collected all of the background data and financial projections required to put together my proposal for recommendations to the National Executive Board. Again this year, we conducted consultations with regions and departments at National Office. We did this while we proceeded to move into our brand new National Office. It proved to be quite a challenge.