2024 SURETY BOND AND LUAFR REPORTS - REMINDER FOR AFSCME AFFILIATES
The 2024 LUAFR is due 5/15/25 or 4 ½ months after year end for affiliates with non-calendar fiscal years. Retiree Chapters and Subchapters are only required to complete the 2024 Surety Bond Report, and not the 2024 LUAFR.
The Secretary-Treasurer of a local union performs many financial duties. Whether the individual is depositing a check, reconciling a bank statement or completing IRS forms, each duty is extremely important. The President and Executive Board also have financial responsibilities. The President, as a second signature, verifies that payments are for approved expenses only and that supporting documentation is maintained for all payments. The Board approves expenses, adopts policies, and monitors the union’s financial condition.
El Secretario-Tesorero de una unión local desempeña muchas funciones financieras. Ya sea que la persona esté depositando un cheque, conciliando un estado de cuenta bancario o completando formularios del IRS, cada función es extremadamente importante. El Presidente y la Junta Ejecutiva también tienen responsabilidades financieras. El Presidente, como segunda firma, verifica que los pagos son sólo para los gastos aprobados y que se mantiene la documentación de apoyo para todos los pagos. La Junta aprueba los gastos, adopta políticas y supervisa la situación financiera de la unión.
The 990-N form must be filed electronically via the IRS website. Click here to access the IRS page explaining who must file a 990-N, how to determine your due date and where to complete the online filing.
