workers.coop is creating a new finance group made up of a couple of existing Board Members and hopefully members of our community that are accountants or financial experts.
If you are interested in being on this group or able to advice/support in a more limited capacity. Do get in touch with me direct or sign-up here.
Purpose:
To oversee and support the financial health of workers.coop. Ensuring it follows all legal requirements and good accounting practice. Working with the project coordinator to oversee and approve financial transactions in line with the Board approved budgets.
Domains:
- To approve financial transactions within its own delegated budgets or that of workers.coop budgets where there is no existing group with delegated responsibility.
- To make recommendations regarding all financial policy and to ensure that the Board and other working groups financial policy decisions are fully informed, documented and implemented.
- To propose an annual budget and ensure financial accounts are presented to the Board and other groups in a timely and understandable format to inform decision making.
- To ensure adequate financial controls and authorisation procedures are in place to safeguard the organisation.
We have a number of other working groups all looking for people to get involved.