Teamsters Union Local No 190

“The labor union local consists of dues-paying members that are represented by the local. At year -end, there were approximately 1,960 dues-paying members.”

“Officers and trustees of the organization are elected by the members every 3 years.”

“Decisions by the governing body subject to approval by the members include changes to the governing documents of the union local.”

“The organization is audited annually by an independent public accountant who also prepares the form 990 for the organization. When the audited financial statements and the 990 (as well as the department of labor form lm-2) are completed, the cpa meets with board members and officers to review all documents.”

“All salaries and wages paid to regular, full-time employees are set annually by the local union's executive board which is the board charged with governance of the organization. Wage increases or level's are documented in the executive board minutes after the annual review and deliberation. Wages for temporary employees generally are lost time wages paid to union members involved in negotiations or other union business and are paid at the member's prevailing wage rate.”

“At anytime that the organization receives a request for any public documents, the request is fullflled immediately. Requests of such a nature are generally few and far between.”

“Depreciation not included in book expenses -473.”

“The financial statements of teamsters union local no. 190 are prepared on the modified cash basis of accounting, which is a comprehensive basis of accounting other than generally accepted accounting principles. Under the modified cash basis of accounting, only liabilities for per capita taxes, employee benefits, payroll taxes, compensated absences, and for long-term debt are recognized in the statement of assets and liabilities - modified cash basis for reporting purposes. All other activity is reported on the cash basis of accounting.”