Receipt #227230 to Cooperation Town

Cooperation Town Expense Policy

Cooperation Town is currently using Open Collective to administrate financial transactions. Co-op funds are held by the Social Change Agency, who manage our account in a transparent, reliable and accountable way. Funds are anticipated from private donations, members’ subs and public funding.

Co-op organisers are responsible for authorising expenses, raised by submitting an invoice or a receipt. All transactions are noted in the co-op budget and on the Open Collective platform.

Funds will be used for the following purposes:

• Purchasing groceries for recipients on the Covid-19 referrals list
• Purchasing supplies associated with food distribution and related costs
• Purchasing equipment associated with food storage and distribution
• Paying for transport associated with food distribution
• When specifically allocated by public funders: paying for staff time and additional overheads.

Payments will be made weekly on Thursdays, once they have been approved by a Co-op Organiser, and made directly to a bank account to avoid incurring transaction fees.

Expenses must include a valid receipt or invoice, clearly showing the total amount spent, date, payee’s address and a description of the expense.

For more information email [email protected]