Co-op Financial Management

CEHL has two primary models of co-operatives in our housing program:

The co-op modelsdiffer in their responsibilities and in the financial management requirements performed by the co-op members. For more details see Governance + Co-op Financial Management

The tables below outline the responsibilities in relation to financial management for CERC and CMC co-op models. For more detail see

Financial management roles and responsibilities

Co-op Model	Treasurer	Rent & Tenancy Management	Maintenance
CERC	manage day-to-day financial matters eg: pay bills, banking, within Circuit (cash book program) allocating rent and monthly reconciliation prepare an annual budget to ensure the co-op can meet all expenses from rent received prepare and lodge quarterly Business Activity Statement BAS with the Australian Tax Office ATO quarterly financial reporting to CEHL prepare information for annual audit	Provide all documentation to assess the eligibility of new renters with CEHL See eligibility policy calculate rent according to Rent Policy for existing renters communicates with renters about rent, provide rent statements follows up rent arrears, catch-up agreements and Victorian Civil & Administrative Tribunal VCAT hearings	work with Treasurer or Rent Officer to provide a report on maintenance expenditure per property ensure maintenance spending is within budget ABN check on suppliers for correct GST recording
CMC	Manage co-op administration budget and related bills (within Circuit Program) Keep records and produce reports for the co-op prepare information for annual audit	Administered by CEHL's Housing Services	Administered by CEHL's Maintenance Team

CERC - Common Equity Rental Housing Co-operative

CMC - Community Managed Co-operative