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
- Maintenance and basic upkeep of all properties, except for cyclical maintenance (e.g. exterior painting) and major repairs, which are the responsibility of the housing associations. See under Maintenance for more details.
- For shared properties only, Council Tax and water charges. Rents on shared properties are higher to take this into account. In all self-contained properties, the resident is responsible for these bills. All our permanent properties are self-contained.
- Childcare costs for attending meetings
- Administrative costs for work of sub-group.
How to claim expenses