Cash audits are conducted by the Secretary at pre-selected random intervals known only to the Secretary. The Secretary has read-only access to the cooperative's accounts, which are handled by the Treasurer.
Member balances below are the total balances in all member accounts. Positive member balances are the total of only those accounts with non-negative balances. Since users are required to maintain positive balances, these numbers should be the same or very close—large differences would indicate that members owe the cooperative a lot of money.
Please note: the cooperative is not required to maintain cash in excess of member balances. Balances are the cooperative's debt to its members, not amounts held in trust. Since the cooperative generally grows and members tend to draw down their balances, it is not a problem. On the contrary, the cooperative should not be holding excessive cash; beyond a necessary reserve for recurring expenses and contingencies, excess cash should be spent or returned to members as savings.
Date | Member balances | Positive member balances | Paypal balance | Bank balance | Total cash |
5/1/2006 | 1799.55 | 1813.54 | 124.43 | 1987.24 | 2111.67 |
6/17/2006 | 2117.70 | 2140.12 | 0 | 2085.86 | 2085.86 |
6/26/2006 | 2020.26 | 2052.55 | 47.75 | 1935.81 | 1983.56 |
7/6/2006 | 2161.87 | 2176.55 | 18.92 | 2106.25 | 2125.17 |
7/14/2006 | 2360.01 | 2374.20 | 95.80 | 2227.44 | 2323.24 |
7/25/2006 | 2588.98 | 2573.51 | 0 | 2077.39 | 2077.38 |
8/25/2006 | 2574.38 | 2580.18 | 210.86 | 2326.77 | 2537.63 |
9/6/2006 | 2765.18 | 2770.98 | 0 | 2728.43 | 2728.43 |
9/18/2006 | 2801.20 | 2807.79 | 96.00 | 2668.48 | 2764.48 |
10/6/2006 | 2893.39 | 2893.39 | 83.38 | 2814.73 | 2898.11 |
10/30/2006 | 3098.45 | 3099.95 | 47.67 | 3005.13 | 3052.80 |
12/11/2006 | 3969.68 | 3973.54 | 201.30 | 1969.06 | 2170.36 |
4/16/2007 | 5195.87 | 5223.94 | 19.12 | 1540.93 | 1560.05 |
8/15/2007 | 3899.51 | 6141.83 | 2000.80 | 354.97 | 2355.77 |
8/28/2007 | 4865.18 | 6412.23 | 40.03 | 3780.47 | 3820.50 |
12/17/2007 | 6952.88 | 7134.63 | 105.71 | 5690.02 | 5795.73 |
1/6/2008 | 7025.38 | 7204.89 | 493.91 | 4870.01 | 5363.92 |
1/30/2008 | 7145.59 | 7272.85 | 258.57 | 5173.41 | 5431.98 |
2/21/2008 | 7941.94 | 8033.83 | 337.50 | 4952.11 | 5289.61 |
3/9/2009 | 8465.33 | 8150.02 | 50.00 | 7306.22 | 7356.22 |