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.