Owl has sent me another email:
The Owl on makes an observation. (Source MED website)
In the 2005 accounts the EPMU spent $352,000.00 on Strategic Review.¬†(Source MED website 2006 EPMU excel spreadsheets)
In 2006 (as per the EPMU excel spreadsheets filed on the MED website)
- they made a ($1.154M) LOSS – the Owl has no problems with the spend¬†or the loss and say good on EPMU evaluating their business models.
Changes sometimes incur costs. Well done
In 2007 EPMU filed Audited Accounts and the comparative figure for 9¬†months shows a 2006 LOSS of ($1.89M).
Since no notes to the accounts were registered and there is no 2005 or¬†2006 Audited Accounts it is hard to understand what makes up the¬†variation of $736,000.00.
I am absolutely sure there is nothing wrong and have previously said¬†the EPMU is a very well run Union.
So the Owl observation is this: The more clarity you provide to your¬†organisation the better the public is informed – isn’t that the motion¬†being put forward by Labour today in the House. Please note all this¬†information is in the public domain.