XX. FINANCIAL STATEMENTS AND REPORTS - IUE,, 1956-1964

Arranged chronologically.

Contains monthly financial statements and fiscal reports prepared by IUE Comptroller Richard Bauer for IUE President James B. Carey and the IUE Executive Board. Also incorporated within the series are IUE Trustee's reports relating to the union's finances and yearly audit reports (1956-1964) made by the CPA firm of Main & Company (Washington, DC). The bulk of the series consists of typescript and ledger-entry balance sheets and financial statements for the IUE's income and expense accounts, and assets and liabilities. Bauer's monthly financial statements cover the following IUE accounts and funds: General Fund Cash Reconciliation; General Fund Income & Expense (including per capita taxes, initiation & reinstatement fees, and supplies to locals); Administrative Expenses; Departmental Expenses; Field Office Expenses: Defense (Strike) Fund; Conference Board Expenses; Per Capital Membership to Affiliates (i.e., IUE obligations to the AFL-CIO, IUD, and Canadian Congress of Labour).

Bauer's financial reports to the Executive Board include supporting material--handwritten notes, typescript memoranda, and reports--regarding the IUE's financial outlook during the period 1954-1964. Particularly insightful are membership and per capita figures; tabulations of comparative employment and salary figures for IUE departmental staff and field representatives; outstanding loans to IUE districts and locals; and contributions to the AFL-CIO COPE fund. Bauer's accompanying memoranda (to Carey and the Executive Board) and notes provide analysis and insight on a number of the critical financial problems that the union faced: fluctuating membership (dues) income; staff reductions in 1961 due to increasing debt; depletion of defense funds due to major strikes (Westinghouse, 1955-1956, and GE, 1960); proposed controversial dues increases (1960 Convention); misrepresentation and falsification of per diem expenses filed by IUE field representatives; the collection of sufficient monies to meet mandated AFL-CIO COPE Fund quotas; and the accomplishment of its organizational objectives under severe budgetary constraints.

This series complements the financial statements, reports, payroll, per capita membership and personnel data, filed under the subject heading "Finances", within the Carey Subject Files series. This material dates from 1950-1955 and includes monthly reports by Comptroller Bauer and annual audits by Main & Company.