VASYL DAVYDENKOLIVE OUT LOUD

MONEY IS POWER

Member money should build member power

Financial rules are constitutional rules because money determines what institutions can actually do. Members should be able to see who proposes a budget, who approves it, who spends under it and who checks the result.

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I

SOURCE

The money begins with members

Dues, reserves, property and investment income are collective resources built over time by members.

They are not the private domain of whichever officers happen to administer them.

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II

FINANCIAL OFFICE

Financial responsibility needs a visible home

A defined constitutional Financial Officer can prepare the proposed provincial budget, present it for approval and monitor its execution.

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III

SEPARATION

Spending and setting the limits are different jobs

The body spending money should not be the only body deciding how much it may spend and under what limits.

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IV

INDEPENDENT BODIES

Independence needs enough money to function

An institution is not truly independent if another body can silence it by withholding the resources needed to operate.

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V

TRANSPARENCY

Protected does not mean hidden

Budget protection cannot become freedom from financial reporting.

Independent institutions remain accountable for how they use member resources.

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VI

RESERVES

Savings need a purpose

Reserves and investments should not grow simply because a large number looks impressive.

They should support the union’s long-term ability to represent members, organize, bargain and sustain collective action.

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