As per our three rounds of democratic voting, our rank-and-file customer members voted to spend $100,000.00 on doing good works with the balance of our income for the year to be reinvested back into growing our cooperative. If we exceed our income expectations then how we should manage that windfall will come back to our customer members too.
At the end of September, we provided a full quarterly update on income and expenditure. October’s report contains an update on the spending as per our democratic budget for the month.
Note that the numbers on the table below relate to the project numbers on the democratic ballot.
October 2022 Payment Summary
|27. Gas Free Victoria campaign||$2,750.00*|
|25. Powering Education in Palestinian communities||$3,500.00|
|11. Climate Resistance & Mobilisation: donation to the Tomorrow Movement Flemington Flood Wall protest||$400.00|
|23. Worker Strike Fund: Apple retail workers strike||$500.00|
*This is a partial payment of the total budget allocation.