OE News Special Edition June 2014

OPERATING ENGINEERS’ PENSION PLANStatement of ExpensesFor the Year Ended April 30, 2013 and 2012Appendix A2013 2012────────────────────────────────────────────────────────────Administrative:Actuarial and appraisals $ 169,311 $ 134,166Amortization 23,364 25,119Bank charges 6,779 6,600Consulting 259,939 229,250Education 6,436 8,332Insurance 44,346 50,522Labour 863,783 1,035,457Material and supplies 35,287 31,056Miscellaneous 101,589 100,273Postage and courier 59,731 49,019Professional fees 83,444 95,664Public relations 21,933 114,498Rent 71,369 71,369Telecommunications 10,834 12,219Trustees 18,442 53,815────────────────────────────────────────────────────────────1,776,587 2,017,359────────────────────────────────────────────────────────────Cost Recoveries:Administration fees 24,247 24,281Shared costs 852,000 852,000────────────────────────────────────────────────────────────876,247 876,281────────────────────────────────────────────────────────────Totals $ 900,340 $1,141,079════════════════════════════════════════════════════════════These summarized financial statements are not complete and do not contain all of thedisclosures required under Canadian generally accepted accounting principles. A complete setof financial statements, and notes thereto, are available upon request from the OperatingEngineers Local 115 Pension Plan Administrator422 News Special Edition Fall 2014