What is the role of the Business Manager in relation to local union funds?

The role of the Business Manager in relation to local union funds primarily involves overseeing the financial operations and making critical decisions regarding the financial health of the union. One key responsibility is to approve loans, which entails evaluating the necessity and viability of funding requests that can impact the union's budget and financial planning. This ensures that funds are utilized effectively and responsibly within the parameters of union goals and obligations.

While the Business Manager certainly addresses other financial concerns, such as overall management and reporting of financial status, the specific task of approving loans is a critical function that directly impacts the union's financial decisions and commitments. Approving loans requires a deep understanding of the union's financial position and the implications of extending credit or funding for various projects or initiatives. This responsibility underscores the role of the Business Manager in ensuring the financial stability and growth of the union assets.