LM2 Operating Engineers  local  470  LMS#  014-978 (7/1/2004-6/30/2005)

FORM LM-2 LABOR ORGANIZATION ANNUAL REPORT Form Approved
Office of Management and Budget
No. 1215-0188
Expires: 11-30-2006
MUST BE USED BY LABOR ORGANIZATIONS WITH $250,000 OR MORE IN TOTAL ANNUAL RECEIPTS AND LABOR ORGANIZATIONS IN TRUSTEESHIP

 
This report is mandatory under P.L. 86-257, as amended.  Failure to comply may result in criminal prosecution, fines, or civil penalties as provided by 29 U.S.C. 439 or 440..
READ THE INSTRUCTIONS CAREFULLY BEFORE PREPARING THIS REPORT.
For Official Use Only 1. FILE NUMBER
014-978
2. PERIOD COVERED
From 7/1/2004
Through 6/30/2005
3. (a) AMENDED - Is this an amended report:
 		 No
  (b) HARDSHIP - Filed under the hardship procedures:
 		 No
  (c) TERMINAL - This is a terminal report: No
4. AFFILIATION OR ORGANIZATION NAME
ENGINEERS, OPERATING, AFL-CIO
 
5. DESIGNATION (Local, Lodge, etc.)
LOCAL UNION
 		 6. DESIGNATION NBR
470
 
7. UNIT NAME (if any)

 
8. MAILING ADDRESS (Type or print in capital letters)
First Name
RUSSELL
 		 Last Name
BRITT
 
P.O Box - Building and Room Number
PO BOX 2462
 
Number and Street
227 PARK AVE SE
City
AIKEN
State
SC		 ZIP Code + 4
29802-2462


9. Are your organization's records kept at its mailing address?


 		 Yes

 
Each of the undersigned, duly authorized officers of the above labor organization, declares, under penalty of perjury and other applicable penalties of law, that all of the information submitted in this report (including information contained in any accompanying documents) has been examined by the signatory and is, to the best of the undersigned individual's knowledge and belief, true, correct and complete (See Section V on penalties in the instructions.)
26. SIGNED: Jeffrey N Britt PRESIDENT 27. SIGNED: Lawton W Johnson TREASURER
Date: Oct 04, 2005 Contact Info:   Date: Oct 04, 2005 Contact Info:  
Form LM-2 (Revised 2003)

 
ITEMS 10 THROUGH 21 FILE NUMBER: 014-978
10. During the reporting period did the labor organization create or participate in the administration of a trust or a fund or organization, as defined in the instructions, which provides benefits for members or beneficiaries? No
11. During the reporting period did the labor organization have a Political Action Committee (PAC) fund? No
12. During the reporting period did the labor organization have an audit or review of its books and records by an outside accountant or by a parent body auditor/representative? No
13. During the reporting period did the labor organization discover any loss or shortage of funds or other assets? (Answer "Yes" even if there has been repayment or recovery.) No
14. What is the maximum amount recoverable under the labor organization's fidelity bond for a loss caused by any officer, employee or agent of the labor organization who handled union funds? $60,000
15. During the reporting period did the labor organization acquire or dispose of any assets in a manner other than purchase or sale? No
16. Were any of the labor organization's assets pledged as security or encumbered in any way at the end of the reporting period? No
17. Did the labor organization have any contingent liabilities at the end of the reporting period? No
18. During the reporting period did the labor organization have any changes in its constitution or bylaws, other than rates of dues and fees, or in practices/procedures listed in the instructions? No
19. What is the date of the labor organization's next regular election of officers? 09/2005
20. How many members did the labor organization have at the end of the reporting period? 354
21. What ar the labor organization's rates of dues and fees?
 
Rates of Dues and Fees
Dues/Fees Amount   Unit Minimum Maximum
(a) Regular Dues/Fees 23 per MONTH    
(b) Working Dues/Fees   per      
(c) Initiation Fees   per   139 295
(d) Transfer Fees 6 per      
(e) Work Permits 5 per WEEK    

 
Form LM-2 (Revised 2003)

 
STATEMENT A - ASSETS AND LIABILITIES FILE NUMBER: 014-978

 
ASSETS
 
ASSETS Schedule
Number 		Start of Reporting Period
(A) 		End of Reporting Period
(B)
22. Cash   $142,943 $218,077
23. Accounts Receivable 1 $0 $0
24. Loans Receivable 2 $0 $0
25. U.S. Treasury Securities   $0 $0
26. Investments 5 $76,600 $78,392
27. Fixed Assets 6 $115,388 $159,759
28. Other Assets 7 $0 $0
29. TOTAL ASSETS   $334,931 $456,228

 
LIABILITIES
 
LIABILITIES Schedule
Number 		Start of Reporting Period
(A) 		End of Reporting Period
(B)
30. Accounts Payable 8 $4,272 $0
31. Loans Payable 9 $0 $0
32. Mortgages Payable   $0 $40,078
33. Other Liabilities 10 $0 $4,377
34. TOTAL LIABILITIES   $4,272 $44,455
   
35. NET ASSETS $330,659 $411,773
Form LM-2 (Revised 2003)

 
STATEMENT B - RECEIPTS AND DISBURSEMENTS FILE NUMBER: 014-978

 
CASH RECEIPTS SCH AMOUNT
36. Dues and Agency Fees   $92,175
37. Per Capita Tax   $0
38. Fees, Fines, Assessments, Work Permits   $316,711
39. Sale of Supplies   $0
40. Interest   $492
41. Dividends   $1,792
42. Rents   $0
43. Sale of Investments and Fixed Assets 3 $0
44. Loans Obtained 9 $0
45. Repayments of Loans Made 2 $0
46. On Behalf of Affiliates for Transmittal to Them   $0
47. From Members for Disbursement on Their Behalf   $0
48. Other Receipts 14 $0
49. TOTAL RECEIPTS   $411,170
CASH DISBURSEMENTS SCH AMOUNT
50. Representational Activities 15 $35,658
51. Political Activities and Lobbying 16 $240
52. Contributions, Gifts, and Grants 17 $770
53. General Overhead 18 $66,155
54. Union Administration 19 $102,677
55. Benefits 20 $72,307
56. Per Capita Tax   $38,418
57. Strike Benefits   $0
58. Fees, Fines, Assessments, etc.   $1,000
59. Supplies for Resale   $0
60. Purchase of Investments and Fixed Assets 4 $6,085
61. Loans Made 2 $0
62. Repayment of Loans Obtained 9 $0
63. To Affiliates of Funds Collected on Their Behalf   $0
64. On Behalf of Individual Members   $0
65. Direct Taxes   $12,831
  
66. Subtotal   $336,141
67. Withholding Taxes and Payroll Deductions    
  67a. Total Withheld $41,000    
  67b. Less Total Disbursed $40,895    
  67c. Total Withheld But Not Disbursed   $105
68. TOTAL DISBURSEMENTS   $336,036
Form LM-2 (Revised 2003)

 
SCHEDULE 1 - ACCOUNTS RECEIVABLE AGING SCHEDULE FILE NUMBER: 014-978

 
There was no data found for this schedule.

 
SCHEDULE 2 - LOANS RECEIVABLE FILE NUMBER: 014-978

 
There was no data found for this schedule.

 
SCHEDULE 3 - SALE OF INVESTMENTS AND FIXED ASSETS FILE NUMBER: 014-978

 
There was no data found for this schedule.

 
SCHEDULE 4 - PURCHASE OF INVESTMENTS AND FIXED ASSETS FILE NUMBER: 014-978

 
Description (if land or buildings, give location)
(A) 		Cost
(B) 		Book Value
(C) 		Cash Paid
(D)
Total of all lines $46,163 $46,163 $6,085
SECURITIES - REINVESTED DIVIDENDS $1,792 $1,792 $1,792
CONSTRUCTION IN PROGRESS - 236 BREEZY HILL RD $44,371 $44,371 $4,293
  14. Less Reinvestments $0
(Net Purchases total will automatically entered in Item 60) 15. Net Purchases $6,085
Form LM-2 (Revised 2003)

 
SCHEDULE 5 - INVESTMENTS FILE NUMBER: 014-978

 
Description
(A) 		Amount
(B)
Marketable Securities  
1. Total Cost $78,392
2. Total Book Value $78,392
3. List each marketable security which has a book value over $5000 and exceeds 5% of Line 2.   
  • GROWTH FUND OF AMERICA CLASS A
$22,331
  • INVESTMENT COMPANY OF AMERICA FD CLASS A
$29,069
  • WASHINGTON MUTUAL INVESTORS FUND CLASS A
$26,992
Other Investments  
4. Total Cost  
5. Total Book Value  
6. List each other investment which has a book value over $5000, of Line 5.  Also list each Trust which is an investment.   
 
7. Total of Lines 2 and 5 (Total will be automatically entered in Item 26, Column(B)) $78,392
Form LM-2 (Revised 2003)

 
SCHEDULE 6 - FIXED ASSETS FILE NUMBER: 014-978

 
Description
(A) 		Cost or Other Basis
(B) 		Total Depreciation or
Amount Expensed
(C) 		Book Value
(D) 		Value
(E)
1. Land (give location) $0   $0 $0
3. 422 CHALK BED ROAD GRANITEVILLE SC 29829 $31,989 $0 $31,989 $31,989
3. 236 BREEZY HILL ROAD GRANITEVILLE, SC 29829 $44,371 $0 $44,371 $44,371
5. Automobiles and Other Vehicles $57,772 $0 $57,772 $57,772
6. Office Furniture and Equipment $24,460 $0 $24,460 $24,460
7. Other Fixed Assets $1,167 $0 $1,167 $1,167
8. Totals of Lines 1 through 7 (Column(D) Total will be automatically entered in Item 27, Column(B)) $159,759 $0 $159,759 $159,759
Form LM-2 (Revised 2003)

 
SCHEDULE 7 - OTHER ASSETS FILE NUMBER: 014-978

 
There was no data found for this schedule.

 
SCHEDULE 8 - ACCOUNTS PAYABLE AGING SCHEDULE FILE NUMBER: 014-978

 
There was no data found for this schedule.

 
SCHEDULE 9 - LOANS PAYABLE FILE NUMBER: 014-978

 
There was no data found for this schedule.

 
SCHEDULE 10 - OTHER LIABILITIES FILE NUMBER: 014-978

 
Description
(A) 		Amount at End of Period
(B)
Total Other Liabilities (Total will be automatically entered in Item 33, Column(D)) $4,377
PAYROLL TAXES PAYABLE $4,377
Form LM-2 (Revised 2003)

 
SCHEDULE 11 - ALL OFFICERS AND DISBURSEMENTS TO OFFICERS FILE NUMBER: 014-978

 
  (A)
Name		 (B)
Title		 (C)
Status		 (D)
Gross Salary
Disbursements
(before any
deductions) 		(E)
Allowances
Disbursed 		(F)
Disbursements for Official Business 		(G)
Other
Disbursements not reported in
(D) thru (F) 		(H)
TOTAL
A
B
C 		RUSSELL     BRITT
BUSINESS MANAGER
C		 $69,026 $0 $0 $0 $69,026
I
Schedule 15
Representational Activities 		30 % Schedule 16
Political Activities and Lobbying 		0 % Schedule 17
Contributions 		0 % Schedule 18
General Overhead 		0 % Schedule 19
Administration 		70 %
A
B
C 		JEFF     BRITT
PRESIDENT
C		 $0 $0 $0 $0 $0
I
Schedule 15
Representational Activities 		0 % Schedule 16
Political Activities and Lobbying 		0 % Schedule 17
Contributions 		0 % Schedule 18
General Overhead 		0 % Schedule 19
Administration 		100 %
A
B
C 		HAROLD     GARRETT
VICE-PRESIDENT
C		 $0 $0 $0 $0 $0
I
Schedule 15
Representational Activities 		0 % Schedule 16
Political Activities and Lobbying 		0 % Schedule 17
Contributions 		0 % Schedule 18
General Overhead 		0 % Schedule 19
Administration 		100 %
A
B
C 		WILLIAM     KALT
REC SECRETARY
C		 $0 $0 $0 $0 $0
I
Schedule 15
Representational Activities 		0 % Schedule 16
Political Activities and Lobbying 		0 % Schedule 17
Contributions 		0 % Schedule 18
General Overhead 		0 % Schedule 19
Administration 		100 %
A
B
C 		JAMES     TIMMERMAN
FIN SECRETARY
C		 $0 $0 $0 $0 $0
I
Schedule 15
Representational Activities 		0 % Schedule 16
Political Activities and Lobbying 		0 % Schedule 17
Contributions 		0 % Schedule 18
General Overhead 		0 % Schedule 19
Administration 		100 %
A
B
C 		LAWTON     JOHNSON
TREASURER
C		 $49,832 $0 $0 $0 $49,832
I
Schedule 15
Representational Activities 		30 % Schedule 16
Political Activities and Lobbying 		0 % Schedule 17
Contributions 		0 % Schedule 18
General Overhead 		0 % Schedule 19
Administration 		70 %
A
B
C 		VANCE     FRIERSON
CONDUCTOR
C		 $0 $0 $0 $0 $0
I
Schedule 15
Representational Activities 		0 % Schedule 16
Political Activities and Lobbying 		0 % Schedule 17
Contributions 		0 % Schedule 18
General Overhead 		0 % Schedule 19
Administration 		100 %
A
B
C 		CARL     BLEDSOE
GUARD
C		 $0 $0 $0 $0 $0
I
Schedule 15
Representational Activities 		0 % Schedule 16
Political Activities and Lobbying 		0 % Schedule 17
Contributions 		0 % Schedule 18
General Overhead 		0 % Schedule 19
Administration 		100 %
Total Officer Disbursements $118,858 $0 $0 $0 $118,858
Less Deductions          
Net Disbursements         $118,858
Form LM-2 (Revised 2003)

 
SCHEDULE 12 - DISBURSEMENTS TO EMPLOYEES FILE NUMBER: 014-978

 
  (A)
Name		 (B)
Title		 (C)
Other Payer		 (D)
Gross Salary
Disbursements
(before any
deductions) 		(E)
Allowances Disbursed 		(F)
Disbursements for Official Business 		(G)
Other Disbursements not reported in
(D) thru (F) 		(H)
TOTAL
A
B
C 		LINDA     TREADWAY
BOOKKEEPER
NONE		 $34,449 $0 $0 $0 $34,449
I
Schedule 15
Representational Activities 		0 % Schedule 16
Political Activities and Lobbying 		0 % Schedule 17
Contributions 		0 % Schedule 18
General Overhead 		100 % Schedule 19
Administration 		0 %
TOTALS RECEIVED BY EMPLOYEES MAKING LESS THAN $10000 $0 $0 $0 $0 $0
I Schedule 15
Representational Activities 		% Schedule 16
Political Activities and Lobbying 		% Schedule 17
Contributions 		% Schedule 18
General Overhead 		% Schedule 19
Administration 		%
Total Employee Disbursements $34,449 $0 $0 $0 $34,449
Less Deductions          
Net Disbursements         $34,449
Form LM-2 (Revised 2003)

 
SCHEDULE 13 - MEMBERSHIP STATUS FILE NUMBER: 014-978

 
Category of Membership
(A) 		Number
(B) 		Voting Eligibility
(C)
Members 354  
Agency Fee Payers*    
Total Members/Fee Payers 354  
*Agency Fee Payers are not considered members of the labor organization.
JOURNEYMAN 283 Yes
OILER 30 Yes
STATIONARY 35 Yes
APPRENTICE 6 Yes
Form LM-2 (Revised 2003)

 
DETAILED SUMMARY PAGE - SCHEDULES 14 THROUGH 19 FILE NUMBER: 014-978

 
SCHEDULE 14   OTHER RECEIPTS
1. Named Payer Itemized Receipts $0
2. Named Payer Non-itemized Receipts $0
3. All Other Receipts  
4. Total Receipts $0
     
     
 
SCHEDULE 17   CONTRIBUTIONS, GIFTS & GRANTS
1. Named Payee Itemized Disbursements $0
2. Named Payee Non-itemized Disbursements $0
3. To Officers $0
4. To Employees $0
5. All Other Disbursements $770
6. Total Disbursements $770
SCHEDULE 15   REPRESENTATIONAL ACTIVITIES
1. Named Payee Itemized Disbursements $0
2. Named Payee Non-itemized Disbursements $0
3. To Officers $35,658
4. To Employees $0
5. All Other Disbursements  
6. Total Disbursements $35,658
 
SCHEDULE 18   GENERAL OVERHEAD
1. Named Payee Itemized Disbursements $0
2. Named Payee Non-itemized Disbursements $11,075
3. To Officers $0
4. To Employees $34,449
5. All Other Disbursements $20,631
6. Total Disbursements $66,155
     
SCHEDULE 16   POLITICAL ACTIVITIES AND LOBBYING
1. Named Payee Itemized Disbursements $0
2. Named Payee Non-itemized Disbursements $0
3. To Officers $0
4. To Employees $0
5. All Other Disbursements $240
6. Total Disbursement $240
 
SCHEDULE 19   UNION ADMINISTRATION
1. Named Payee Itemized Disbursements $0
2. Named Payee Non-itemized Disbursements $0
3. To Officers $83,200
4. To Employees $0
5. All Other Disbursements $19,477
6. Total Disbursements $102,677
Form LM-2 (Revised 2003)

 
SCHEDULE 14 - OTHER RECEIPTS FILE NUMBER: 014-978

 
There was no data found for this schedule.

 
SCHEDULE 15 - REPRESENTATIONAL ACTIVITIES FILE NUMBER: 014-978

 
There was no data found for this schedule.

 
SCHEDULE 16 - POLITICAL ACTIVITIES AND LOBBYING FILE NUMBER 014-978

 
There was no data found for this schedule.

 
SCHEDULE 17 - CONTRIBUTIONS, GIFTS & GRANTS FILE NUMBER: 014-978

 
There was no data found for this schedule.

 
SCHEDULE 18 - GENERAL OVERHEAD FILE NUMBER: 014-978

 
Name and Address
(A)
TEAMSTERS LOCAL 509

227 PARK AVE SE
AIKEN
SC
29801
Type or Classification
(B)
RENT
Purpose
(C) 		Date
(D) 		Amount
(E)
Total Itemized Transactions $0
Total Non-Itemized Transactions $6,050
Total of All Transactions $6,050
Name and Address
(A)
BELLSOUTH


AIKEN
SC
29801
Type or Classification
(B)
TELEPHONE
Purpose
(C) 		Date
(D) 		Amount
(E)
Total Itemized Transactions $0
Total Non-Itemized Transactions $5,025
Total of All Transactions $5,025
Form LM-2 (Revised 2003)

 
SCHEDULE 19 - UNION ADMINISTRATION FILE NUMBER: 014-978

 
There was no data found for this schedule.

 
SCHEDULE 20 - BENEFITS FILE NUMBER: 014-978

 
Description
(A) 		To Whom Paid
(B) 		Amount
(C)
Total Benefits $72,307
HEALTH INSURANCE IUOE PIPELINE HEALTH & WELFARE $13,154
HEALTH INSURANCE SOUTHERN OPERATORS HEALTH FUND $12,480
PENSION CENTRAL PENSION FUND $29,490
PENSION GENERAL PENSION PLAN $16,183
DEATH BENEFIT SONA TURNER $1,000
Form LM-2 (Revised 2003)


 
69. ADDITIONAL INFORMATION SUMMARY FILE NUMBER: 014-978


Schedule 13 : JOURNEYMAN MEMBERSHIP CATEGORY: MEMBER CAN OPERATE ANY EQUIPMENT; PAYS FULL DUES

Schedule 13 : OILER MEMBERSHIP CATEGORY: MEMBER CAN OPERATE LIMITED EQUIPMENT; PAYS FULL DUES

Schedule 13 : STATIONARY MEMBERSHIP CATEGORY: NON-CONSTRUCTION MEMBER; PAYS FULL DUES

Schedule 13 : APPRENTICE MEMBERSHIP CATEGORY: MEMBER IS IN TRAINING TO BE AN OPERATOR; PAYS FULL DUES
 
 
Form LM-2 (Revised 2003)