Financial Resources
Most co-ops in BC work with outside professionals – bookkeepers, accountants, management companies – to assist with their finances. Support can include recordkeeping, budgeting, revenue collection and other elements. Here you will find some resources that can be particularly helpful in connection with managing subsidy programs and rent supplement agreements, and with defining the role of a potential finance committee.
We’ve also recently added a suite of resources concerning financial controls.
Arrears Policy – Discussion Notes
Data Handling and Storage
Finance Policies – Discussion Notes
Financial Controls 1: Background
Financial Controls 2: General Guidelines
Financial Controls 3: Budgeting and Forecasting
Financial Controls 4: Accounting and Reporting Systems
Financial Controls 5: Authorization and Approval Processes
Financial Controls 6: Guardrails on Personnel and Paying Members
Financial Controls 7: Audits and Fraud
Financial Controls 8: Training and Education
Financial Controls 9: Financial Document Retention
Financial Controls: Document List
Share Purchase – Loans Available to Co-op Applicants
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