Finance Committee

The Finance Committee is responsible for the financial integrity of the Co-op including but not limited to timely reporting of cash flows, profit and loss, variance to budget, and accounting statements as determined necessary by the Board. All financial related decisions of the Co-op that will affect the Co-op's ability to function in accordance to its mission and statement of vision as determined by the Board shall first be reviewed by the Finance Committee and subsequently presented to the Board for an official decision; such matters may include capital expenditures, patronage rebates, and investments.

Responsibilities:

• Maintain and Audit Trail of all Financial matters in accordance to General Accepted Accounting Principles (GAAP)
• Prepare the tax filing of the Co-op
• Work as needed with the Business Development committee to develop fundraising and/or financial strategies to meet business requirements.
• Prepare:

- Budgets
- Balance Sheet
- Income Statement
- Statement of Cash Flows
- Statement of Retained Earnings