What must be reported in Item 64 (On Behalf of Individual Members) of Statement B of the Form LM-2?
A. Enter the total disbursements of funds collected from members by the labor organization that were specifically designated by them for disbursement on their behalf. This amount usually is the same as the amount reported in related Item 47 (From Members for Disbursement on Their Behalf). Any such funds not disbursed by the end of the reporting period are liabilities of the labor organization and must be reported in Schedule 10 (Other Liabilities).
Related Questions
- What must be reported in Item 46 (On Behalf of Affiliates for Transmittal to Them) of Statement B of the Form LM-2?
- What must be reported in Item 47 (From Members for Disbursement on Their Behalf) of Statement B of the Form LM-2?
- What must be reported in Item 64 (On Behalf of Individual Members) of Statement B of the Form LM-2?
