Section C - États financiers vérifiés et notes

Section C - États financiers vérifiés et notes

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PWC – Independent auditor’s report

To the Board of Directors of Ontario Public Service Employees Union

Our opinion

In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of Ontario Public Service Employees Union (the Organization) as at December 31, 2021 and the results of its operations and its cash flows for the year then ended in accordance with Canadian accounting standards for not-for-profit organizations.

What we have audited

The Organization’s financial statements comprise:

  • the statement of financial position as at December 31, 2021;
  • the statement of revenues and expenditures and fund balances for the year then ended;
  • the statement of cash flows for the year then ended; and
  • the notes to the financial statements, which include significant accounting policies and other explanatory

Basis for opinion

We conducted our audit in accordance with Canadian generally accepted auditing standards. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Independence

We are independent of the Organization in accordance with the ethical requirements that are relevant to our audit of the financial statements in Canada. We have fulfilled our other ethical responsibilities in accordance with these requirements.

Responsibilities of management and those charged with governance for the financial statements

Management is responsible for the preparation and fair presentation of the financial statements in accordance with Canadian accounting standards for not-for-profit organizations, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, management is responsible for assessing the Organization’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Organization or to cease operations, or has no realistic alternative but to do so.

Those charged with governance are responsible for overseeing the Organization’s financial reporting process.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with Canadian generally accepted auditing standards will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

As part of an audit in accordance with Canadian generally accepted auditing standards, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

  • Identify and assess the risks of material misstatement of the financial statements, whether  due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
  • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Organization’s internal
  • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by
  • Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Organization’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Organization to cease to continue as a going concern.
  • Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings,  including any significant  deficiencies  in internal control that we identify during our audit.

Chartered Professional Accountants, Licensed Public Accountants Vaughan, Ontario

March 17, 2022

Statement of Financial Position

As at December 31, 2021

2021 2020
 

General

Fund

 

Strike

Fund

 

Education

Fund

 

Defence

Fund

 

Total

 

Total

$ $ $ $ $ $
Assets
Current assets

Cash

 

14,969,649

 

5,157,300

 

3,347,046

 

23,473,995

 

11,884,167

Receivables

Dues

 

7,261,357

7,261,357 7,223,455
Other 1,339,746 223 1,339,969 2,607,042
Prepaid expenses and other assets 1,223,748 16,261 1,240,009 1,301,263
24,794,500 5,157,300 3,363,530 33,315,330 23,015,927
Investments 4,218,363 38,404,789 42,623,152 37,720,951
Capital assets (note 3) 3,929,057 54,778,487 58,707,544 45,574,340
32,941,920 98,340,576 3,363,530 134,646,026 106,311,218
Liabilities and Fund Balances
Current liabilities

Bank indebtedness (note 4)

 

3,225,062

 

3,225,062

 

3,290,384

Accounts payable 10,817,321 7,685 56,027 10,881,033 10,521,895
Accrued liabilities

Obligations under capital leases (note 6)

29,506,213

 

193,159

29,506,213

 

193,159

26,006,856

 

152,218

 

43,741,755

 

7,685

 

56,027

 

43,805,467

 

39,971,353

Inter-fund balances (17,741,738) 17,465,109 251,516 25,113
Obligations under capital leases
(note 6) 216,156 216,156 421,601
Post-employment benefits (note 9) 56,022,000 56,022,000 50,631,000
 

82,238,173

 

17,472,794

 

307,543

 

25,113

 

100,043,623

 

91,023,954

Fund surplus (deficit) (49,296,253) 80,867,782 3,055,987 (25,113) 34,602,403 15,287,264
32,941,920 98,340,576 3,363,530 134,646,026 106,311,218
Commitments and contingencies

(notes 8 and 11)

Statement of Revenue and Expenditures and Fund Balances

For the year ended December 31,  2021

 

 

 

2021 2020
 

General

Fund

 

Strike Fund

 

Education

Fund

 

Defence

Fund

 

 

Total

 

 

Total

$ $ $ $ $ $
Revenue

Membership dues

 

112,846,703

 

10,821,732

 

1,459,849

 

200,000

 

125,328,284

 

119,418,967

Investment income (note 7) 175,592 1,262,303 1,437,895 1,196,088
Other income 1,467,487 1,467,487 1,591,666
114,489,782 12,084,035 1,459,849 200,000 128,233,666 122,206,721
Expenditures

Members’ activities (schedule 1)

 

36,254,482

 

225,113

 

36,479,595

 

35,611,479

Executive board activities

(schedule 2)

 

644,726

 

644,726

 

672,531

Departmental costs (schedule 3) 56,307,991 56,307,991 53,177,245
Strike 150,800 150,800 304,296
Amortization of capital assets 2,696,690 3,057,360 5,754,050 3,902,995
Education 259,235 259,235 532,222
Investment management fees 48,570 48,570 9,121
95,903,889 3,256,730 259,235 225,113 99,644,967 94,209,889
Net operating revenue 18,585,893 8,827,305 1,200,614 (25,113) 28,588,699 27,996,832
Post-employment benefits
(note 9) (7,716,479} (7,716,479} (6,850,000}
Excess (deficiency) of
revenue over expenditures before the undernoted  

10,869,414

 

8,827,305

 

1,200,614

 

(25,113)

 

20,872,220

 

21,146,832

Contribution from merger

(note 12)

 

7,908,746

Change in fair value of investments  

 

524,572

 

 

2,786,347

 

 

3,310,919

 

 

521,170

Income (loss) for the year  

11,393,986

 

11,613,652

 

1,200,614

 

(25,113)

 

24,183,139

 

29,576,748

Fund surplus (deficit)

Beginning of year

 

(55,828,704)

 

69,260,595

 

1,855,373

 

15,287,264

 

(19,667,484)

Net actuarial gain (loss) – post-
employment benefits (note 9) (4,868,000) (4,868,000) 5,378,000

 

Inter-fund transfers

(notes 7 and 12)                                      6,456             (6,465}

Fund surplus (deficit) End of year !49,296,262l  80,867,782  3,055,987  !25,113l  34,602,403 15,287,264

The accompanying notes are an integral part of these financial statements.

Statement of Cash Flows

For the year ended December 31, 2021

 

 

Cash provided by (used in)

2021

$

2020

$

Operating activities
Income for the year Items not affecting cash 24,183,139 29,576,748
Amortization of capital assets 5,754,050 3,902,995
Contribution from merger (note 12) (7,649,575)
Post-employment benefits 523,000 (99,000)
Change in fair value of investments (3,310,919) (521,170)
Reinvested investment income (1,591,282) (1,131,809)
25,557,988 24,078,189

Changes in non-cash working capital (note 10) 5,148,920 (2,846,804)

30,706,908                  21,231,385

Investing activities

Proceeds on disposal of investments 1,446,025
Purchase of capital assets (18,887,254) (14,522,610)
(18,887,254) (13,076,585)
Financing activities

Change in bank indebtedness

 

(65,322)

 

133,722

Repayment of capital lease obligations (164,504) (135,020)
(229,826) (1,298)
Change in cash during the year 11,589,828 8,153,502
Cash – Beginning of year 11,884,167 3,730,665
Cash – End of year 23,473,995 11,884,167

 

 Notes to financial statements

 

1     Summary of significant accounting policies

 

Purpose of organization

 

Ontario Public Service Employees Union (OPSEU) is incorporated without share capital under the provisions of Part III of the Corporations Act of the Province of Ontario (the Act). The Act requires that OPSEU be carried on without the purpose of gain for its members and that any profits or other accretions to OPSEU be used in promoting its objectives.

 

OPSEU is exempt from income tax under the provisions of paragraph 149(1)0c) of the Income Tax Act (Canada).

 

Basis of accounting

 

These financial statements are prepared in accordance with Canadian accounting standards for not-for-profit organizations (ASNPO) in Part III of the Chartered Professional Accountants of Canada Handbook. The financial statements include the following significant accounting policies.

 

Fund accounting

 

These financial statements include the following funds:

 

1)      Strike Fund

 

The Strike Fund is maintained in accordance with Article 23 of the Constitution:

 

  • OPSEU shall maintain a Strike Fund, whose assets shall be used only for the following purposes:

 

  1. for strike pay and expenses related to strikes, lockouts and other work stoppage situations involving OPSEU members; and

 

  1. on a two-thirds majority roll-call of the Executive Board, to make interest free loans to other striking unions where the Board deems such loans to be in the interest of OPSEU

 

  • Notwithstanding Article 1, theassets of the Strike Fund may be encumbered by one or more security interests in order to secure any form of indebtedness of OPSEU, subject to any policies that may be established from time to time by the Executive Board regarding the manner of giving of security over the assets of the Strike Fund. Any such approval encumbrance shall require approval by two-thirds of the Executive Board.

 

Notwithstanding Article 23.1, up to 10 million dollars of the assets of the Strike Fund may be encumbered. There are no assets encumbered as at December 31, 2021 (2020 – $nil).

 

 

 

 

 

 

(1)

 

 

 

 

2)      Education Fund

 

The resources of this fund are used to support OPSEU’s Education Program.

 

3)      Defence Fund

 

The resources in this fund are used to support situations that involve fundamental challenges to OPSEU’s principles, standards and practices.

 

4)      General Fund

 

The ongoing operations of OPSEU are funded through the General Fund. This includes all staffing and related costs, the operating costs for OPSEU’s buildings and equipment, the costs for negotiations, legal and other fees related to grievance handling, organizing, committee meetings, campaigns and other member activities.

 

Rebates to Locals

 

Rebate funds are used by the Locals to run their operations in accordance with OPSEU’s constitution and local by-laws. The per capita membership dues rebates to Locals are recorded as an expenditure in the year in which they are paid.

 

Capital assets

 

Capital assets are carried at cost less accumulated amortization. Amortization charges are based on the estimated useful lives of the assets and are calculated at the following annual rates and methods:

 

 

Building and improvements Furniture and fixtures

Computer hardware and soft are Equipment

Vehicles

Leasehold improvements Capital lease assets

4% declining balance 3 years straight line 3 years straight line 3 years straight line 3 years straight line over-term of lease over-term of lease

 

 

Major capital expenditures intended to enhance or prolong the life of a building are treated as assets. Annual operating costs are recorded as expenses of the General Fund.

 

OPSEU reviews the carrying amounts of its long-lived assets regularly. If the long-lived assets no longer have any long-term service potential to OPSEU, the excess of the net carrying amount over any residual value is recognized as an expense in the statement of revenue and expenditures and fund balances.

 

 

 

 

 

 

 

 

(2)

 

 

 

 

Post-employinent benefits

 

OPSEU records its obligations under the pension plan and other post-retirement benefit plan as being its total liabilities and related costs less the plan assets. OPSEU has the following policies:

 

  • OPSEU has elected to use the actuarial valuation for funding purposes (funding valuations) for the pension and other post-retirement benefit

 

  • The cost of pensions and other retirement benefits earned by employees is actuarially determined using the projected benefit method pro-rated on service and management’s best estimate of expected plan investment performance for funded plans, salary escalation, retirement ages of employees and expected health-care

 

  • Plan assets are measured at fair When the fair value of plan assets exceeds the defined benefit obligation, the plan surplus will be recognized as a defined benefit asset on the statement of financial position only to the extent it is expected to be realized. A valuation allowance for any excess of the plan surplus over the expected future benefit will be recorded in the statement of revenue and expenditures and fund balances.

 

Actuarial gains and losses arise when the actual return on plan assets differs from the expected return on the plan assets for a period, or when the defined benefit obligations change during the year. The actuarial gains and losses are recorded directly in the General Fund. A curtailment is an event that significantly reduces the expected years of future service of present employees or eliminates the accrual of defined benefits for future services of a significant number of active participants. The components of the gain or loss are recognized in the statement of revenue and expenditures and fund balances in the year in which they occur.

 

Financial instruments

 

Financial assets and financial liabilities are initially measured at fair value. OPSEU measures all its financial assets and financial liabilities at amortized cost, except for long-term investments, which are measured at fair value. Changes in the fair value are recognized in the statement of revenue and expenditures and fund balances.

 

Financial assets measured at amortized cost include cash and amounts receivable. Long-term investments are measured at fair value including fixed income investments.

 

Financial liabilities measured at amortized cost include bank indebtedness, accounts payable and accrued liabilities.

 

 

 

 

 

 

 

 

 

(3)

 

 

 

 

Revenue recognition and dues receivable

 

OPSEU uses the restricted fund method of accounting for its contributions.

 

Membership dues are recognized as revenue of the General Fund, Education Fund and Defence Fund in the year received or receivable in accordance with the approved budget. Membership dues are recognized as revenue of the Strike Fund in the year received or receivable in accordance with Article 23 of the Constitution. Dues receivable are recognized as an asset when the amount to be received can be reasonably estimated and collection is reasonably assured.

 

Investment income is recognized as revenue of the General Fund and Strike Fund when earned, based on the investments held in each fund.

 

Leased assets

 

Leases entered into that transfer substantially all the benefits and risks associated with ownership are recorded as the acquisition of a capital asset and the incurrence of an obligation. The asset is amortized in a manner consistent with assets owned by OPSEU, and the obligation, including interest thereon, is liquidated over the term of the lease. All other leases are accounted for as operating leases, and the rental costs are expensed as incurred.

 

Use of estimates

 

The preparation of these financial statements in accordance with ASNPO requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as at the date of the financial statements and the reported amounts of revenue and expenditures during the reporting period. Actual results could differ from those estimates. Accounts requiring significant estimates include receivables, investments, useful lives and impairment of capital assets and post-employment benefits.

 

2     Funds in the hands of the Locals

 

The assets of Locals are available for the general use of OPSEU only in the event a Local should cease to exist because the members cease to be members of OPSEU. Funds in the hands of Locals have not been included in these financial statements because of the unavailability of the funds except in this extreme situation. Based on the most recent trustees’ reports received, these funds have been conservatively estimated to be in excess of

$42,000,000 (2020 – $33,000,000).

 

 

 

 

 

 

 

 

 

 

 

 

(4)

 

 

 

 

 

3    Capital assets

 

The capital assets of the General Fund are as follows:

 

 

 

                    2021       2020

Accumulated

 

Cost

$

amortization

$

Net

$

Net

$

Building and improvements 1,328,635 944,938 383,697 454,085
Assets acquired under capital leases  

1,113,543

 

819,715

 

293,828

 

459,370

Furniture and fixtures 1,682,608 1,468,983 213,625 267,985
Computer

Hardware

 

2,926,806

 

2,580,576

 

346,230

 

515,398

Software 2,939,929 2,703,991 235,938 443,266
Vehicles 4,498,192 3,437,457 1,060,735 800,035
Land 483,492 483,492 483,492
Leasehold improvements 4,101,646 3,190,134 911,512 1,067,486
19,074,851 15,145,794 3,929,057 4,491,117

 

The capital assets of the  Strike Fund are as follows:

 

                     2021 2020

Accumulated

Cost

$

amortization

$

Net

$

Net

$

Land
100 Lesmill 4,805,905 4,805,905 4,805,888
155 Lesmill 5,040,620 5,040,620 5,040,620
31 Wellesley 1,956,760 1,956,760 1,956,760
Education Centre 2,555,318 2,555,318
Niagara 120,000 120,000 120,000
Orillia 300,000 300,000 300,000
Thunder Bay 456,551 456,551 456,551
Sudbury 1,300,000 1,300,000 1,300,000
Kingston

Buildings

400,000 400,000 400,000
100 Lesmill 20,210,820 6,641,066 13,569,754 11,720,142
155 Lesmill 14,843,911 1,183,821 13,660,090 9,986,251
31 Wellesley 438,410 192,783 245,627 234,982
Education Centre 5,027,694 11,116 5,016,578
Niagara 203,345 95,575 107,770 40,396
Orillia 782,301 169,577 612,724 446,200
Thunder Bay 2,172,531 519,302 1,653,229 1,774,015
Sudbury 859,160 5,487 853,673 426,730
Kingston 3,761,223 1,637,335 2,123,888 2,074,688
65,l34,549 10,456,062 54,778,487 41,083. J3

 

 

 

(5)

 

 

 

 

4     Bank and other indebtedness

 

OPSEU has an available bank line of credit of $5,000,000. The line of credit is due on demand and is secured by a general security agreement on the net assets of OPSEU. Drawings against the line of credit are limited to 10% of the prior year’s revenue plus $2,000,000. Interest is charged at the prime rate plus 0.5% per annum.

 

As at December 31, 2021, $nil (2020 – $nil) was drawn against the line of credit. The remaining bank indebtedness of $3,225,062 (2020 – $3,290,384) represents outstanding cheques, net of any outstanding deposits.

 

5     Government remittances

 

Included in accounts payable are government remittances payable, including payroll withholdings and related taxes, and Workers’ Safety Insurance premiums of $86,221 (2020 – $78,732).

 

6    Obligations under capital leases

 

The following presents future minimum lease payments under capital leases expiring with various maturities to October 2023 and interest rates varying from 1.96% to 2.27% per annum, together with the present value of the obligations:

$

 

2022 227,909
2023 201,056
428,965
Less: Interest 19,650
409,315
Less: Current portion 193,159
216,156

 

7    Investment income

Included in investment income are interest income and fund distributions of $276,682 (2020 – $211,893) and dividend income of $1,161,213 (2020 – $963,210).

 

The investments in the Strike Fund are professionally managed by BMO Asset Management Inc. (part of the BMO Financial Group), RBC Dominion Securities, and Scotia Wealth Management. The investments and related fees total approximately $48,570 (2020 – $9,121).

 

 

 

 

 

 

 

 

(6)

 

 

 

 

8    Commitments

 

The future minimum lease payments under operating leases that have non-cancellable terms in excess of one year as at December 31, 2021 are as follows:

 

$
2022 1,200,617
2023 1,131,834
2024 862,981
2025 690,681
2026 208,667
4,094,780
9 Post-employment benefits

 

OPSEU provides pension benefits to employees through a jointly sponsored pension plan. The pension plan is jointly sponsored with two other member unions. The costs and risks of the pension plan are shared between the joint sponsors. OPSEU has elected to measure the defined benefit obligation and costs of the plan using the most recently completed funding valuation. In OPSEU’s financial statements, 100% of the defined benefit obligation and fair value of assets of the pension plan are recognized.

 

OPSEU also provides other post-retirement benefits to substantially all of its employees.

 

It also provides post-employment benefits for retired employees.
2021

$

2020

$

Pension plan
Other post-retirement benefit plan 56,022,000 50,631,000
56,022,000 50,631,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(7)

 

 

 

 

Information about OPSEU’s pension plan and other post-retirement benefit plan in aggregate is as follows:

 

Other post-retirement

Pension                                                     benefit  Ian

 

2021

$

2020

$

2021

$

2020

$

Defined benefit obligation Fair value of plan assets 217,103,000

(240,186,000}

210,019,000

(212,326,000}

56,022,000 50,631,000
(23,083,000) (2,307,000) 56,022,000 50,631,000

 

 

Valuation allowance Defined benefit obligation

   23,083,000                 2,307,000                                                                     

 

      56,022,000               50,631,000

 

 

Discount rate 5.4 5.70% 5.4 5.70%
Salary increase

Expected long-term rate of

3.5 3.50%
return on plan assets 5.7 5.80%
Inflation rate

Health benefit costs (decreasing to 4% over 12 years)

2.0 2.00%  

 

6.8

 

 

7.50%

Dental costs 4.0 4.00%

 

The movement in the defined benefit obligation during the year is as follows:

 

Other post-retirement

Pension                                            benefit  Ian

 

2021

$

2020

$

2021

$

2020

$

Beginning balance, as at January 1  

5,554,000

 

50,631,000

 

50,554,000

Interest cost (79,000) 224,000 2,936,000 2,981,000
Service cost 2,554,000 1,957,000 1,775,000 1,696,000
Actuarial loss (gain) (17,798,000) (4,709,000) 2,021,000 (2,976,000)
Valuation allowance Benefits paid 20,645,000

(5,322,000}

2,307,000

(5,333,000}

 

(1,341,000}

 

(1,624,000}

Ending balance, as at December 31  

56,022,000

 

50,63_1,000

 

 

 

 

 

 

 

 

 

(8)

 

 

 

 

The net pension and other post-retirement benefit expense for the year was determined as follows:

 

 

 

                                  Pension Qian

Other post-retirement

                                     benefit Qian

 

 

2021

$

2020

$

2021

$

2020

$

Current service cost 2,554,000 1,957,000 1,775,000 1,696,000
Interest expense Interest income on plan

assets

11,879,000

 

(11,958,000)

11,529,000

 

(11,305,000)

2,936,000 2,981,000
Net pension expense 2,475,000 2,181,000 4,711,000 4,677,000

 

Benefits of $9,553,000  (2020 –  $9,428,000) were paid from the pension plan during the year.

 

The most recently filed actuarial valuation of the pension plan was prepared as at December 31, 2020. The next required actuarial valuation for funding purposes is due with an effective date no later than December 31, 2023.

 

The most recent actuarial valuation of the pension and other post-retirement benefit plans was prepared as at December 31, 2019 and extrapolated to December 31, 2021.

 

The pension fund invests in bonds, pooled funds and domestic and foreign stocks.

 

10      Changes in non-cash working capital

 

2021

$

2020

$

Dues receivable  

(37,902)

 

(1,529,304)

Other receivables 1,267,073 362,324
Prepaid expenses and other assets 61,254 (626,966)
Accounts payable 359,138 (2,410,653)
Accrued liabilities 3,499,357          1,357,795  
5,148,920 {2,846,804}
11 Contingencies

 

OPSEU has been served with several human resource related claims, Ontario Labour Relations Board claims and other claims, which it is defending. At present, the outcomes of these claims are indeterminable. In the opinion of OPSEU, these claims will be settled without material financial liability. Should losses arise from any of these claims, such losses will be charged to operations in the year of resolution.

In 2014, OPSEU, as part of a group, entered into a limited guarantee of a credit facility on behalf of the New Democratic Party of Ontario. As at December 31, 2021, thefull amount of the credit facility has been drawn. The term of the facility is 48 months and is repayable in full or in part at any time without notice, penalty or bonus. The maximum amount of OPSEU’s potential liability is limited to $500,000.

 

 

 

(9)

 

 

 

 

12    Merger with Educational Resources Facilitators of Peel (ERFP)

 

Effective July 6, 2020, theERFP merged with OPSEU/SEFPO. This merger resulted in approximately 3,700 full-time, part-time and casual employees of the Peel District School Board joining OPSEU. As per the Executive Board motion approving this merger, these members were placed in a new Local. As per the terms of the merger agreement, OPSEU/SEFPO acquired cash of $259,171 and investments of $7,649,575 as a result of the transaction. Subsequently, the Board of Directors transferred the amounts to the Strike Fund.

 

13    Financial instruments

 

Credit risk

 

Credit risk is the risk one party to a financial instrument will cause a financial loss for the other party by failing to discharge an obligation. OPSEU’s financial instruments that are exposed to concentrations of credit risk relate primarily to cash, investments, dues and other receivables. OPSEU manages its exposure to this risk by maintaining cash and investments with major financial institutions. Dues are received on a monthly basis from various employers. OPSEU regularly follows up on any overdue payments to reduce its exposure to default.

 

Liquidity risk

 

Liquidity risk is the risk OPSEU may encounter difficulty in meeting its obligations associated with financial liabilities. Liquidity risk includes the risk that, as a result of operational liquidity requirements, OPSEU will not have sufficient funds to settle a transaction on the due date, will be forced to sell financial assets at a value that is less than what they are worth or may be unable to settle or recover a financial asset. Liquidity risk arises from bank indebtedness, accounts payable, accrued liabilities and obligations under capital leases.

 

OPSEU continues to focus on maintaining adequate liquidity to meet cash interest and principal repayments, operating working capital requirements and capital expenditures.

 

Market risk

 

OPSEU is exposed to fluctuations in equity markets on its investments, which are invested in mutual funds and publicly listed equities. Market risk is managed through construction of a diversified portfolio of instruments traded on various markets and across various industries.

 

Interest rate risk

 

Interest rate risk is the risk the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. OPSEU is exposed to interest rate risk arising from the possibility that changes in interest rates will affect the  value of fixed income denominated  investments and interest  payments on the line of credit.

 

 

 

 

 

 

(10)

 

Schedule of Expenditures – Members’ Activities

For the year ended December 31, 2021

 

 

 

 

 

General Fund

2021

$

2020

$

Affiliation dues 3,969,575 3,870,436
Affiliation expenses 254,741 104,507
Convention and regional meeting 338,682 395,573
Legal costs 8,267,005 7,424,734
Payments to Locals 16,413,707 16,771,582
Negotiation costs 1,463,707 1,091,859
Divisional and sector meetings 193,703 44,491
Committee meetings 566,074 675,078
Campaigns, donations and other 3,874,569 3,412,188
Organizing activities 721,599 1,539,331
Solidarity reserve 61,900 30,754
Member grievance activities 96,144 163,242
Other members’ recoveries 33,076 64,877
36,254,482 35,588,652
Defence Fund

Sector 10 PSLRTA Conference

 

866

Legal defence 224 247 22,827
225,113 22 827
36,479,595          35,611,479

 

Schedule of Expenditures – Executive Board Activities

For the year ended December 31, 2021

 

 

 

2021

$

2020

$

Board meetings 156,599 125,502
Officers’ meetings 18,821 17,872
Committee activities 113,290 37,475
Regional activities 251,218 258,807
General board activities 104,798            232,875
644,726            672,531

 

Ontario Public Service Employees Union

Schedule of Expenditures – Departmental Costs

For the year ended December 31,  2021

Schedule 3

 

 

 

 

 

2021

$

2020

$

President’s office 2,091,037 1,838,500
First Vice-President’s office 639,924 623,610
Legal services division 6,604,113 6,510,486
Employee relations division 7,468,715 5,662,376
Finance 9,557,458 9,217,528
Communications division 7,544,369 7,137,751
Local services divisions – bargaining 5,332,285 5,376,914

 

Local services divisions – operations                                                                                                                                               17,070,090                                                                                                         16,810,080

 

       56,307,991      53,177,245

 

ONTARIO PUBLIC SERVICE EMPLOYEES UNION
2021 OPERATING RESULTS
Comparison of Budget and Operating Results
 

Budget Approved (Executive Board)

 

Board Approvals

 

 

Total Budget

 

 

2021 Actual

 

 

Variance

GENERAL FUND
Revenue
Membership Dues:
Ontario Public Service 32,000,000 32,000,000 33,310,091 1,310,091
Broader Public Service 63,000,000 63,000,000 66,794,214 3,794,214
C.A.A.T. – Academic 15,500,000 15,500,000 15,173,479 (326,521)
C.A.A.T. – Support                9,500,000             9,500,000           10,050,499               550,499  
Total Membership Dues 120,000,000 120,000,000 125,328,284 5,328,283
Investment Income 175,592 175,592
Other Income 560,000 560,000 461,845 (98,155)
Permit fees 500,000 500,000 1,005,642 505,642
Total Revenue           121,060,000        121,060,000         126,971,363           5,911,362  
Transfers to Other Funds:
Strike Fund (6,000,000) (6,000,000) (10,821,732) (4,821,732)
Education Fund (1,909,500) (1,909,500) (1,459,849) 449,651
Defence Fund (200,000) (200,000) (200,000)
Training Centre (500,000) (500,000) (500,000)
Transfers from other Funds:
Strike Fund 1,000,000 1,000,000 (1,000,000)
LBED Anti-Privatization 650,000 650,000 (650,000)
Net Operating Revenue           114,100,500        114,100,500         114,489,782             (610,719)
Members’ Activities:
Affiliation Dues 3,878,400 3,878,400 3,969,318 (90,918)
Affiliation Expenses 717,617 717,617 254,741 462,875
Convention/Regional Meetings 3,246,110 3,246,110 338,682 2,907,428
Legal Expenses 8,115,000 8,115,000 8,267,005 (152,005)
Payments to Locals 14,558,000 14,558,000 16,413,707 (1,855,707)
Negotiations Costs 3,840,000 3,840,000 1,463,963 2,376,037
Division/Sector Meetings 1,730,000 1,730,000 193,703 1,536,297
Committee Meetings 2,059,700 4,373 2,064,073 566,074 1,497,999
Campaigns, Donations & Other 7,154,305 1,729,930 8,884,235 3,874,569 5,009,666
Organizing Initiatives 750,000 750,000 721,599 28,401
Solidarity Reserve 75,000 75,000 61,900 13,100
Other Members’ Expenses 451,700 451,700 129,220 322,480
Total Members’ Activities              46,575,831         1,734,303          48,310,134           36,254,482         12,055,652  

 

ONTARIO PUBLIC SERVICE EMPLOYEES UNION
2021 OPERATING RESULTS
Comparison of Budget and Operating Results
 

Budget Approved (Executive Board)

 

Board Approvals

 

 

Total Budget

 

 

2021 Actual

 

 

Variance

Executive Board
Board Meetings 230,000 230,000 138,497 91,504
Officers’ Meetings 31,000 31,000 18,821 12,179
Board Committees 112,000 112,000 113,290 (1,290)
Staff Negotiations 18,103 (18,103)
Regional Activities 471,600 471,601 251,218 220,383
General Board Activities                  381,300                381,300                 104,798               276,502  
Total Executive Board               1,225,900            1,225,902                644,726               581,175  
Departmental Costs
President’s Office 1,808,680 1,808,680 2,091,037 (282,357)
First Vice-President’s Office 637,675 637,675 639,924 (2,249)
Legal Services Division 8,587,947 8,587,948 6,604,113 1,983,835
Employee Relations Division 8,897,615 340,439 9,238,054 7,468,715 1,769,339
Finance 11,259,530 68,249 11,327,779 9,557,458 1,770,321
Communications Division 8,239,508 8,239,508 7,544,369 695,139
Local Services – Bargaining 6,514,083 6,514,083 5,332,285 1,181,798
Local Services – Operations 19,463,527 19,463,527 17,070,090 2,393,437
Administrative Savings              (1,000,000)                                    (1,000,000)                      –                            (1,000,000)
Total Departmental Costs             64,408,565            408,688          64,817,253          56,307,991           8,509,263  
Amortization of Capital Assets 1,800,000 1,800,000 2,696,690 (896,690)
Net Operating Income 90,204 (2,142,991) (2,052,789) 18,585,893 (20,860,119)
Post Employment Benefits 7,716,479 (7,716,479)
Change in value of Investments 524,572 (524,572)
Net Income for the year                    90,204        (2,142,991)          (2,052,789)        11,393,986        (13,668,212)

 

ONTARIO PUBLIC SERVICE EMPLOYEES UNION
2021 DETAILED VARIANCE ANALYSIS
 

      2021 Actual                     

 

           Budget         

 

         Variance        

GENERAL FUND
Members’ Activities
Affiliation Dues:
CLC 729,600 720,000 (9,600)
NUPGE 2,455,072 2,400,000 (55,072)
OFL 680,400 680,400
CAUT                     104,503                          78,000                        (26,503)
Total affiliation dues 3,969,575 3,878,400 (91,175)
 

Affiliation Other Expenses:

OFL 105,636 435,342 329,706
NUPGE 2,885 44,308 41,423
CLC 146,221 234,167 87,946
CAUT                              –                                                      3,800                            3,800  
Total Affiliation Other Expenses 254,741 717,617 462,875
 

Convention & Regional Meetings:

AGM Delegates 9,229 1,500,000 1,490,771
AGM Staff 100,360 100,360
Committees 347 45,750 45,403
AGM Other 319,108 1,000,000 680,892
Regional Meetings                          9,998                       600,000                       590,002  
Total Convention & Regional Meetings 338,682 3,246,110 2,907,428
 

Divisional Meetings:

OPS 475,000 475,000
CAAT Academic 100,000 100,000
CAAT Support 155,000 155,000
BPS 193,703 1,000,000 806,297
Total Divisional Meetings 193,703 1,730,000 1,536,297
 

Committee Meetings

Sector OPS 51,442 398,000 346,558
CAAT Academic 31,008 142,000 110,992
CAAT Support 30,053 140,000 109,947
CAAT Joint 4,866 35,000 30,134
CAAT Pension Sponsors 4,700 4,700
BPS 297,463 721,373 423,910
OPSEU Jt Trust 7,000 7,000
BPS All Chairs 20,600 75,000 54,400

 

ONTARIO PUBLIC SERVICE EMPLOYEES UNION
2021 DETAILED VARIANCE ANALYSIS
 

      2021 Actual                   

 

           Budget         

 

          Variance      

Equity PWC 18,962 62,000 43,038
Human Rights 11,692 62,000 50,308
Rainbow Alliance 6,942 62,000 55,058
Disability Caucus 6,219 62,000 55,781
Francophone Caucus 16,137 62,000 45,862
Young Workers 2,517 62,000 59,483
Workers of Colour 55,128 62,000 6,872
Indigenous Circle 7,306 82,000 74,694
Equity Chairs                           5,739                          25,000                           19,261  
Total Committee Meetings 566,074 2,064,073 1,497,999
 

Payments to Locals

Local Rebates 12,361,872 11,000,000 (1,361,872)
Area Council Dues 12,358 34,000 21,642
Labour Council Dues 189,301 150,000 (39,301)
Local TimeOff 580,761 588,000 7,239
Local TimeOff Member Bookoff 3,266,348 2,700,000 (566,348)
Northern Lights Fund 27,000 27,000
Other Local Expenses                           3,067                            9,000                             5,933  
Total Payments to Locals 16,413,707 14,508,000 (1,905,707)
 

Negotiations:

Ontario Public Service 437,691 520,000 82,309
CAAT Academic 167,096 150,000 (17,096)
CAAT Support 34,235 150,000 115,765
Broader Public Service 664,815 2,500,000 1,835,185
Mobilizing                      159,870                       520,000                        360,130  
Total Negotiations: 1,463,707 3,840,000 2,376,293
 

Members’ Expenses

Grievance OPS 25,725 230,000 204,274
CAAT-A 1,301 15,000 13,699
CAAT-S (394) 8,000 8,394
BPS 5,808 20,000 14,192
BPS – Regional 63,703 120,000 56,297
Legal Services 8,000 8,000
Sub-Total Grievance 96,144 401,000 304,856
Membership Benefits 13,873 27,500 13,627
Campaign 30 (30)
Job Security 19,173 23,200 4,027
Total Members Expenses 129,220 451,700 322,480

 

ONTARIO PUBLIC SERVICE EMPLOYEES UNION
2021 DETAILED VARIANCE ANALYSIS
 

      2021 Actual                     

 

           Budget         

 

          Variance      

Legal Expenses
Collective Bargaining 224,259 295,000 70,741
Organizing 275,299 280,000 4,701
Grievance 7,076,271 6,780,000 (296,271)
Membership Benefits 259,860 195,000 (64,860)
Interest Arbitration 139,953 140,000 47
Legal Estimates/Other                     291,363                       425,000                        133,637  
Total Legal Expenses 8,267,005 8,115,000 (152,005)
 

Other Membership Expenses

Donations:
Union of Injured Workers 1,250 1,250
CCPA 5,000 5,000
Rainford Jackson Educ. Fund 2,500 2,500
Canadian Civil Liberties 1,250 1,250
Ont. Coalition for Better Daycare 500 500
Workers’ Arts & Heritage Center 5,000 5,000
Helen Kiss Memorial Bursary 1,000 1,000
Andre Bekerman Bursary 750 750
National Movement for Harmony 2,500 2,500
Donna Bryant Memorial Fund 1,000 1,000
Our Times 1,000 1,000
Stephen Lewis Fund 25,000 25,000
The Leonard Peltier Fund 2,500 2,500
Brian MacIntosh Memorial Fund 250 250
Bill Kuehnbaum Bursary 250 250
Larry Cripps Scholarship 1,000 1,000
Carol McGregor Scholarship 1,500 1,500
Curt Bishop Scholarship 1,000 1,000
LEAF Patron Sponsorship 5,000 5,000
Barbra Schlifer Clinic 750 750
Mayworks Festival 2,000 2,000
Speakers School 2,250 2,250
Peter Kormos Memorial Bursary 1,000 1,000
Bloodwatch.org 10,000 10,000
Ontario Autism Coalition 10,000 10,000
Amy Stiles Scholarship 1,000 1,000
Karen Gottschalk-Millar Memorial 1,000 1,000
Fred Upshaw Scholarship 1,000 1,000
Other Donations                     234,620                       301,000                           76,380  
Total Donations 309,370 388,250 78,880

 

ONTARIO PUBLIC SERVICE EMPLOYEES UNION
2021 DETAILED VARIANCE ANALYSIS
 

      2021 Actual                     

 

          Budget         

 

         Variance    

Campaigns
Political Action Committee 470 100,000 99,530
OHC Sponsorship 50,000 50,000
OHC Campaign 50,000 50,000
International Youth Day 5,167 180,000 174,833
Social Mapping Project 4,883 200,000 195,117
Human Rights Conference 273 160,000 159,727
Francophone Conference 104,000 104,000
Indigenous Conference 936 90,000 89,064
UN Status of Women 34,670 20,000 (14,670)
Coal Racialized Work-Build Cap Pro 42,042 98,500 56,458
Indigenous Water Campaign 3,439 (3,439)
Regional Writer’s Outreach 31,500 31,500
Bill 124 Charter Challenge 28,250 (28,250)
HPD Lobby Day & Constituency Wk 150,000 150,000
CAAT A Pre-Bargaining (Fall 2020) 11,385 23,000 11,615
Board of Education Pink T-Shirt 19,482 68,308 48,826
ODSP Download Consultation 1,086 19,239 18,153
Sector 18 Paint Night 12,250 12,250
Board of Ed – MHFA Training 9,846 36,675 26,829
Board of Ed – Political Action 5,420 62,750 57,330
CBS 2021 Bargaining Campaign 10,373 6,279 (4,094)
PHO 2021 Bargaining Campaign 7,811 8,002 191
HPD-Health Professionals Week 25,250 25,250
Red 4 ED Appreciation 236,932 185,857 (51,074)
MH&A Bargaining Conference 6,556 17,437 10,881
Ambulance H&S forum 2021 3,192 18,480 15,288
CAAT-A Bargaining T-Shirts 17,285 27,233 9,948
Black Creek Community Health 17,376 (17,376)
Fall Organizing Campaign: Phase 1 28,651 579,765 551,114
Orange Abinoojiinh Sacred Fire 5,210 32,850 27,640
7-Eleven Case Conference 20,673 18,867 (1,806)
Regional Billboard Media Buy 727,794 700,000 (27,794)
CoRW Mental Health & First Aid 12,381 16,473 4,092
CPAC Provincial Election 2022 280,768 280,768
7-Eleven Liquor License Tribunal 19,121 65,780 46,659
Other Campaigns                        46,131                    1,020,692                        974,561  
Total campaigns 1,414,334 4,459,954 3,045,620

 

ONTARIO PUBLIC SERVICE EMPLOYEES UNION
2021 DETAILED VARIANCE ANALYSIS
 

      2021 Actual                   

 

           Budget         

 

          Variance      

Other Programs
Annual Programs
Labour Day Parade 9,290 36,093 26,803
Promoting the Union Agenda 114,621 438,676 324,055
MDT Assignments 351,230 351,230
In Solidarity 1,368 60,000 58,632
Accommodation Policy 100,873 95,000 (5,873)
Membership Centres 1,130,593 1,400,000 269,407
Communications Incentive Fund 1,475 5,000 3,525
Social Justice Fund 154,315 154,315
Pride Day Activities 32,989 52,000 19,011
All Pension Appointees 107 10,000 9,893
Joint Leadership Meeting 10,473 35,000 24,527
OPSEU Accessibility Fund 10,000 10,000
Regional Hardship Fund 788,028 504,130 (283,898)
Racialized Workers Conference 182,000 182,000
CLC Labour College 6,109 100,000 93,891
Equity Gathering 9,895 82,872 72,977
Remember Me March 9,148 12,715 3,567
Social Justice 241 10,000 9,759
Hardship Committee Training 3,294 20,000 16,706
Retired Members Division                           3,514                          65,000                           61,487  
Subtotal annual programs 2,376,335 3,624,031 1,247,696
Other Programs
Human Rights Policies 126,559 60,000 (66,559)
OPSEU Women’s Conference 29,168 215,000 185,832
Previous Years’ Expenses (386,784) 386,784
Caribana Activities 5,586 42,000 36,414
Retirees Conference                              –                                                    95,000                           95,000  
Subtotal other programs (225,471) 412,000 637,471
Total Other membership expenses: 3,874,569 8,884,235 5,009,666
 

Organizing Initiatives

 

721,599

 

750,000

 

28,401

Solidarity Reserve 61,900 75,000 13,100
TOTAL MEMBERS’ ACTIVITIES 36,254,482 48,260,134 12,005,652

 

ONTARIO PUBLIC SERVICE EMPLOYEES UNION
2021 DETAILED VARIANCE ANALYSIS
 

      2021 Actual                     

 

           Budget         

 

         Variance        

DEPARTMENTAL COSTS:
President’s Office:
Salary & Payroll Costs 1,671,272 1,414,965 (256,307)
Vehicle & Staff Costs 283,246 213,132 (70,114)
Other Costs                     136,519                       180,583                          44,064  
2,091,037 1,808,680 (282,357)
 

 

First Vice-President’s Office:

Salary & Payroll Costs 547,175 525,378 (21,797)
Vehicle & Staff Costs 70,392 77,197 6,805
Other Costs                        22,357                          35,100                          12,743  
639,924 637,675 (2,249)
 

 

Legal Services Division:

Salary & Payroll Costs 6,029,176 7,844,647 1,815,471
Vehicle & Staff Costs 409,235 627,000 217,765
Other Costs                     165,702                       116,300                        (49,402)
6,604,113 8,587,947 1,983,834
 

 

Employee Relations Division:

Salary & Payroll Costs 1,169,620 1,421,910 252,290
Vehicle & Staff Costs 133,450 147,130 13,680
Other Costs 23,257 58,720 35,463
Training Costs 63,340 274,280 210,940
Accommodation 23,584 515,101 491,517
Organizational 6,055,464 6,820,912 765,448
7,468,715 9,238,053 1,769,338
 

 

Finance:

Salary & Payroll Costs 6,536,228 7,917,850 1,381,622
Vehicle & Staff Costs 196,480 195,929 (551)
Other Costs 128,364 190,800 62,436
Organizational Expenses 702,959 550,000 (152,959)
Central Duplicating 92,536 506,000 413,464
Information Services (IT) 643,413 762,000 118,587
Building Expenses 1,257,478 1,205,200 (52,278)
9,557,458 11,327,779 1,770,321

 

ONTARIO PUBLIC SERVICE EMPLOYEES UNION
2021 DETAILED VARIANCE ANALYSIS
 

      2021 Actual     

 

           Budget         

 

         Variance        

Communications Division:
Salary & Payroll Costs 6,109,346 6,523,168 413,822
Vehicle & Staff Costs 445,255 716,700 271,445
Other Costs 405,717 353,640 (52,077)
Publishing Expenses 197,847 271,000 73,153
Organizing Initiatives                     386,204                       375,000                        (11,204)
7,544,369 8,239,508 695,139
 

Local Services – Bargaining

Salary & Payroll Costs 4,885,145 5,735,250 850,105
Vehicle & Staff Costs 350,407 649,700 299,293
Other Costs                        96,733                       129,132                          32,399  
5,332,285 6,514,082 1,181,797
 

Local Services -Operations

Salary Costs 13,201,925 15,169,233 1,967,308
Vehicle Costs 894,366 1,338,000 443,634
Other Costs 165,634 81,800 (83,834)
Regional Offices                  2,808,165                    2,874,495                          66,330  
17,070,090 19,463,528 2,393,438
Total Departmental Costs 56,307,991 65,817,252 9,509,261

 

ONTARIO PUBLIC SERVICE EMPLOYEES UNION
2021 DETAILED VARIANCE ANALYSIS
 

      2021 Actual                     

 

           Budget         

 

         Variance        

STRIKE FUND
Strike Expenses
Strike Pay 80,718 (80,718)
Strike Benefits 27,015 (27,015)
Other Strike Expenses                        43,067                                –                                                  (43,067)
Total Strike Expenses 150,800 (150,800)
 

 

EDUCATION FUND

Regional Educational Expenses
Region 1 33,053 172,000 138,947
Region 2 11,691 281,000 269,309
Region 3 33,467 237,000 203,533
Region 4 19,550 240,000 220,450
Region 5 82,137 355,000 272,863
Region 6 23,841 162,000 138,159
Region 7                        18,783                       130,000                       111,217  
Total Regional Education 222,522 1,577,000 1,354,477
Central Education Expenses
Train the Trainer 78,000 78,000
Orientation for New Presidents 21,223 161,864 140,641
Educational Material 3,012 30,000 26,988
Local Editor’s Conference 115,000 115,000
Anti Harassment Training 40,000 40,000
Pension Trustee Training 13,500 13,500
OPSEU Scholarship 10,000 10,000
Hardship Committee 2,478 (2,478)
Translation of Education Material                              –                                                    38,000                          38,000  
Total Central Education 36,713 486,364 449,651
Total Education Expenses 259,235 2,063,364 1,804,128

 

ONTARIO PUBLIC SERVICE EMPLOYEES UNION
Trustee Audit Reports Arrears Listing
As per OPSEU Policy; a Local that is two Audit Reports (12 months) in arrears shall have their rebates held in trust by OPSEU. Once all delinquent Audit Reports are received, rebates being held (up to 36 months) will be released to the Local without interest. Rebates being held longer than 36 months are forfeited by the Local. The following is a list of rebates that are being held (as of March 15, 2022). These amounts include the regular quarterly payments plus any of the additional payments that were approved by the Executive Board
Rebates held Rebates held Rebates held
LOCAL “in trust” LOCAL “in trust” LOCAL “in trust”
 

115

 

$4,918.00

 

403

 

$5,583.00

 

601

 

$9,566.00

117 $11,000.00 410 $20,811.00 615 $3,503.00
119 $9,440.00 415 $32,351.00 616 $20,228.00
121 $7,423.25 418 $27,416.00 617 $6,451.00
141 $20,356.00 427 $16,145.53 618 $26,466.00
144 $45,932.00 428 $9,661.00 627 $14,511.00
146 $24,101.00 429 $9,111.00 628 $26,163.00
161 $5,884.00 430 $38,223.00 629 $7,144.00
165 $13,255.00 452 $4,953.00 630 $2,743.50
168 $22,342.00 460 $11,481.00 641 $11,088.00
463 $10,500.00 644 $4,409.00
209 $8,771.13 473 $13,364.00 645 $3,886.00
210 $11,376.00 478 $11,304.00 646 $13,469.00
211 $47,698.00 480 $14,122.85 652 $11,413.00
213 $5,898.00 482 $5,000.00 667 $84,028.00
217 $34,924.00 490 $2,650.50 668 $35,959.00
239 $9,671.00 495 $10,523.00 675 $24,795.00
241 $33,926.00 4103 $17,478.00 679 $6,885.00
245 $76,808.00 682 $28,047.00
251 $34,455.00 503 $29,769.04
261 $14,534.00 511 $71,519.00 711 $4,204.00
267 $11,505.00 515 $27,489.00 712 $5,093.00
269 $21,190.00 527 $15,516.00 718 $10,600.00
270 $22,394.00 529 $37,489.00 721 $6,500.00
280 $16,329.00 535 $75,831.00 722 $6,545.37
282 $11,288.00 536 $31,820.00 723 $15,835.00
292 $7,291.00 555 $37,478.00 728 $12,013.00
293 $6,563.00 563 $78,740.00 729 $10,865.00
572 $10,325.00 730 $5,500.00
304 $7,948.00 576 $76,246.01 735 $6,701.00
306 $23,753.00 578 $25,753.00
324 $20,391.00 580 $69,544.43
337 $5,107.96 584 $25,417.10
351 $17,201.55 592 $24,154.00
355 $6,178.00 593 $17,732.06
357 $10,826.00 598 $37,499.00
371 $5,089.13 5106 $20,533.00
372 $7,331.50 5108 $109,186.00
376 $45,546.00 5109 $47,528.00
382 $7,273.00 5115 $16,248.00
385 $10,637.00 5118 $7,228.00
395 $2,737.50