Adult Learning Center
CO-OP PROJECTS and PROFIT – Each farm family will be responsible to manage one or more cooperative projects. The family will be selected by the coop with the approval of the Development Office. This assignment can change each year. Each farmer must keep records of his family’s consumed produce and any bartered trades. The profit will be determined after all monthly bills are paid and the family is fed, plus seed and fertilizer purchased for the next planting season. All of the profits from the coop projects are paid to the co-op, who decides along with the Same Development Office how these funds will be distributed into five accounts:
*****The actual percentage put in each account will vary each year, based on the priorities set by the co-op!!!! A large project may require multiple years to fund.
Same percentages as above, the 60/40 rule is applied to all profits.
GOAT AND COMPOSTJNG PROJRCT: This project has been funded by gifts ad has exceeded more than 20 goats, the farmers owe 10% of their goat sales to the Same Development office to help finance another project. Two goats are to be given to their community so that the farmers will be returning a portion of the gift that they have received. Two goats need to be given to the second coop, plus one ram.
2. Egg, Chick, and Chicken PROJECT: Two families share a 140 egg incubator and egg turners, chick and chicken feeders and watering stations, plus fencing and moveable posts. Gifts of $550 have been donated. Only a clay brick nesting area has to be built.
3. BEE KEEPING AND HONEY PRO JECT: start-up kits and instruction provided locally …………$200.00 est.
4. FISH PONDS.
THE SEASONAL REPORT
Each farmer will learn to file his own seasonal report twice a year. The number of columns will be the same in every ones report. The number of rows in the Seasonal Report will vary for each farmer depending what he plants or by the types of animals that he raises.
In the 1st column he records what he is producing and the number of acres cultivated or number of animals.
In the 2nd column record the amount of seed.
In the 3rd column record all costs associated with producing the item listed in that row. This would include fertilizer; purchases of tools, fuel, and supplies. Some of these costs would be shared.
In the 4th column record the number of animals or plants in production.
In the 5th column record the total quantity of the item produced.
In the 6th column record the quantity of the produce consumed by the farmer’s family plus other coop families. The quantity consumed must be controlled by the coop.
In the 7th column record total value of anything sold.
In the 8th column record quantity of item stored or being raised on the farm.
In column 9 record the amount resulting by subtracting the item cost in column 3 from sales in column 7.
In column 10 record the amount support given and to what community project. More than one project can be supported, but the amount must equal 10% of each box in column 9.
In column 11 record10% of cash in each box and deposit this amount in his savings account until these deposits equal the income from two seasons. The farmer is encouraged to keep this money in the bank, to be used only when there is a crop failure or family crisis.
Column 12 is for recording the farmers 10% payment to his coop. These funds are spent or saved as decided by the coop. Planning for farm improvements and starting new farm projects, like raising hogs, should be funded by the coop.
Column 13 record the amount of the 10% lease payment paid to the Development Office of Same. This would be 10% of each box in column 9 paid in cash, produce, or live-stock.
Column 14 record what was paid to the farmer . This should equal 60% of each box in column 9.
The Board of Directors (BOD) supervises the management and business affairs of the organization and is responsible for seeing that the organization keeps the promises described in the organization’s Vision, Mission and Purpose statements. It also ensures that the organization is accountable for acting within the laws governing it.
The BOD is responsible for representing the organization to the community and for policymaking for the organization. They approve plans, budgets and audit reports of the organization.
The BOD is also responsible for ensuring that the organization has the resources it needs to further its mission, including soliciting funds and approving macro projects of the organization (Projects exceeding US$10,000) and any projects falling outside the approved budget of the organization.