What must be reported in Item 22 (Cash) of Statement A of the Form LM-2?
A. Enter the total of all the labor organization’s cash on hand and on deposit at the start and end of the reporting period in Columns (A) and (B), respectively. Include all cash on hand, such as undeposited cash, checks, and money orders; petty cash; and cash in safe deposit boxes. Cash on deposit includes funds in banks, credit unions, and other financial institutions, such as checking accounts, savings accounts, certificates of deposit, and money market accounts. Also, include any interest credited to the labor organization’s account during the reporting period. Obtain the checking account balances reported from the labor organization’s books as reconciled with the balances shown on bank statements.
