The board of directors manages the affairs of the co-op but must report to the members on specific matters. Also here, member-related issues such as arrears and financial assistance.
Arrears & evictions
Includes repayment plans and performance agreements. Evictions.
Budgets – operating and capital
Woodsworth’s fiscal year runs from August 1 to July 31. Members must approve budgets and housing charges. Schedule of member charges.
Explainer: Annual budgets, housing charges and reserves
Financial reporting and audits
Members appoint the auditor at the annual general meeting. Includes other required reporting to members on financial issues. Building condition assessments (BCA) used to develop budgets.
Financial policies and bylaws
Includes Spending bylaw, investments, Finance Committee policy, donations. Finance-related articles in the Occupancy Bylaw.
Housing charges
How to pay. Changes in housing charges. Changes in member deposits. Schedule of member charges.
Mortgage
Renegotiated.
Subsidy and financial assistance
CMHC and co-op funded emergency assistance