SUBJECT:
 
 LEC & MEC Budget Carry Overs (Sections IV.C.1 & IV.B.7)
 
 STATEMENT OF QUESTION:
 
 Should LEC & MEC Budget Carry Overs be reduced to zero for fiscal year 2009-2010?
 
 SOURCE AND DATE SUBMITTED:  AFA-CWA Finance Committee, January 23, 2009
 
 BACKGROUND INFORMATION:
 
 In order to balance the AFA-CWA Proposed 2009-2010 Annual Budget, many budgets were reduced. The philosophy used was to ensure many budgets suffered some reduction so that no one specific budget would be critically affected.
 
 PROPOSED RESOLUTION:
 
 THEREFORE BE IT RESOLVED, that Sections IV.C.1 be amended to include the following parenthetical sentence at the end of the paragraph:
 
 1. Each Local Council will be allowed a regular monthly allowance based on 18.75% of the total monthly dues including service charge monies of the Council affected. However, in no event shall such monthly allowance be less than an amount equal to 18.75% of a total of 100 members and service charge payers' dues. Effective January 1, 2009, the 18.75% will be increased to 19.5%. Twenty percent (20%) of any funds remaining at the end of the fiscal year are to be carried over into the succeeding year's local budget. All remaining funds are to be returned to the Airline Master Executive Council Administration fund. (For fiscal year 2009-2010, LEC Carry Overs will be reduced to zero.)
 
 BE IT FURTHER RESOLVED, that Sections IV.B.7 be amended to include the following parenthetical sentence at the end of the paragraph:
 
 7. Twenty percent (20%) of all Master Executive Council controlled budget surplus, not to exceed ten thousand dollars ($10,000.00), may be carried over in succeeding years. (For fiscal year 2009-2010, MEC Carry Overs will be reduced to zero.)