{"id":49362,"date":"2020-01-13T15:46:49","date_gmt":"2020-01-13T20:46:49","guid":{"rendered":"https:\/\/www.smart-union.org\/?p=49362"},"modified":"2020-01-13T15:46:49","modified_gmt":"2020-01-13T20:46:49","slug":"st-making-cents-newsletter-january-2020","status":"publish","type":"post","link":"https:\/\/www.smart-union.org\/st-making-cents-newsletter-january-2020\/","title":{"rendered":"S&T Making Cents newsletter: January 2020","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"

\"Making<\/p>\n\n\n\n
\n

It’s time to get the TAR in order<\/h2>\n

The SMART Constitution requires the Treasurer\u2019s Annual Report <\/strong>(TAR) to be presented to the membership and then filed at the start of the calendar year. Local trustees are to assemble this month to perform an annual audit of a Local\u2019s finances and review the receipts and disbursements for the prior year before signing the report. The report is then presented at the Local’s next meeting and copies are filed and submitted to the SMART-TD offices before a Feb. 20 deadline.\n <\/p>\n

The 2019 TAR has substantial differences from past years. Historically, the TAR simply generated a high-level financial overview of a local\u2019s books, but over the last several years the Field Support Team has seen an increase in locals that get behind on other required business-related duties. This revised TAR will flag items that are not getting completed to help a Local catch up on its bookkeeping.\n <\/p>\n

Local Treasurers can work along with Trustees to review these items and formulate a plan for fixing them as part of the report to the SMART-TD office. Additionally, this will allow Field Support to identify Locals needing additional assistance earlier so that catching up and getting into compliance is not a monumental undertaking.\n <\/p>\n

The revised TAR will be more detailed and include other action items that should be reviewed and signed off on by Local Trustees and show a better, more detailed position of the Local\u2019s fiscal outlook along with its compliance with SMART constitutional and federal requirements.\n <\/p>\n

With the changes, S&Ts and local officers should note that the revised TAR will only be available via the WinStabs-NMR software. There is no longer a paper form. If you have not yet started using WinStabs-NMR, contact the Field Audit Support Team IMMEDIATELY.<\/strong>\n <\/p>\n

New information has been posted on the S&T Tools page of the SMART-TD website<\/a><\/strong> to help you along in this process under the “Required Reports” header. These guides to completing the TAR include:\n <\/p>\n

\n \"January<\/p>\n

Important dates<\/strong>\n <\/p>\n

\u2022 Jan. 20 —<\/strong> Registration deadline for Kansas City, Mo., workshops.<\/span>\n <\/p>\n

\u2022 Jan. 27-29 —<\/strong> S&T workshop in Kansas City, Mo.\n <\/p>\n

\u2022 Jan. 30 —<\/strong> Local president\/trustee workshop in Kansas City, Mo.\n <\/p>\n

Before Jan. 31 —<\/strong>
\n \u2022 OE-1a report due
[More info<\/a>]
\n \u2022 Quarterly Form 940 (FUTA) taxes must be deposited (FICA only) via EFTPS<\/a>.
\n [More info<\/a>]
\n \u2022 Quarterly Form 941 taxes due via EFTPS<\/a><\/span>.
\n [More info<\/a>]
\u2022 Quarterly Form 944 due (if notified by IRS) via EFTPS<\/a>.
[More info<\/a>]
\u2022 W-2s due to employees\n <\/p>\n

\u2022 By Feb. 20 — <\/strong>Treasurer’s annual report (TAR) for 2019 and Local President Financial Oversight forms due to TD.\n <\/p>\n

Completed reports can be submitted directly from WinStabs-NMR or send a copy of the signed and dated form to the TD office.<\/strong>\n <\/p>\n

Email:<\/em>
localreports@group.smart-union.org<\/a><\/strong>
(For OE-1a reports, email oe1a@group.smart-union.org<\/a><\/strong>)\n <\/p>\n

Mail:<\/em>
Field Support Department
\n
SMART Transportation Division
\n 24950 Country Club Blvd.,
Suite 340
North Olmsted, OH 44070\n <\/p>\n

\n

Questions?<\/strong>\n <\/p>\n

<\/a>Visit the S&T Tools page on the SMART TD website<\/strong><\/a> for guidance on getting the job done!\n <\/p>\n

Still not sure?<\/strong>\n <\/p>\n

Call the Field Support Help Desk at 216-227-5444. Drop-in help desk hours are 9a-5p (Central Time) M-W-F. Help desk appointments can be scheduled in advance for Tuesdays, Thursdays, weekends, and evenings. Call or email fieldauditor@
group.smart-union.org<\/a> <\/strong>to schedule an appointment.\n <\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\n

Training opportunities for Local officers<\/h2>\n

Workshop offerings are being finalized for S&Ts who are interested in learning the ins-and-outs of running the finances of your Local.\n<\/p>\n

Among the topics to be discussed are:\n<\/p>\n