To ensure organizational progress, cooperatives must keep their finances on check even those funds which are yet to be allocated or seem to be “excesses” from the current budget. Thus, this training program created by VRV Management and Property Consultancy, Inc., for NATCCO, aims to educate coop executives on how to properly organize their finances, specifically their liquid funds in order to increase cash flow and encourage profitability.
Divided into four separate module, this material supplies several lecture notes on the rationale and concepts behind the “block system” or method. Such system is commonly used to help identify the coop’s anticipated needs, manage liquid funds for these pre-identified needs, to intelligently handle or invest liquid funds in banks and other financial institutions. Accompanied brief explanations and experiential examples from model cooperatives, this material would be useful for cooperatives who are struggling with financial management - particularly with liquid funds.