Finance Group

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The ABC Finance Group is responsible for making payments and for all financial record keeping, including keeping the books and getting the accounts audited each year. It usually meets once a month, but may get together at other times (e.g. at General Meetings) to sign cheques. All cheques have to be signed by two signatories, so the group is not able to respond quickly to a request for a cheque except in urgent cases.

What the co-op pays for

There are some bills that the Co-op pays on behalf of some residents. For people in shared properties, this includes Council Tax and water charges (their rents are higher to pay for these). In all self-contained properties, the resident is responsible for these bills.  All our permanent properties are self-contained.

How to claim expenses