Manual for the Preparation of a Budget for a Cooperative

The preparation of a budget in a cooperative is considered by many cooperative leaders and members as a very difficult task. This manual shows that it is possible for everyone in the cooperative to prepare an annual budget.

The manual is divided into two parts:

  1. The first part deals with a single-purpose cooperative budget. The manual discusses the nature of a cooperative enterprise and shows how to prepare the budget for consumers cooperatives, marketing cooperatives, saving and credit cooperatives and producers cooperatives.
  2. The second part of the manual examines the annual budget of a rural multi-purpose cooperative. It distinguishes the preparation of the budget into three levels:
    • Members level budget
    • Cooperative department level budget
    • General expenses level budget

Complete with numerous examples, typical of Israeli cooperatives, the manual walks through many useful calculations and cash-flow tables. The manual uses a realistic approach to cooperative budget preparation placing importance on the fact that the cooperative is financed by and held accountable to its members.

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