The preparation of a budget in a cooperative is considered by many cooperative leaders and members as a very difficult task. This manual shows that it is possible for everyone in the cooperative to prepare an annual budget. The manual is divided into two parts: - The first part deals with a single-purpose cooperative budget. The manual discusses the nature of a cooperative enterprise and shows how to prepare the budget for consumers cooperatives, marketing cooperatives, saving and credit cooperatives and producers cooperatives.
- The second part of the manual examines the annual budget of a rural multi-purpose cooperative. It distinguishes the preparation of the budget into three levels:
- Members level budget
- Cooperative department level budget
- General expenses level budget
Complete with numerous examples, typical of Israeli cooperatives, the manual walks through many useful calculations and cash-flow tables. The manual uses a realistic approach to cooperative budget preparation placing importance on the fact that the cooperative is financed by and held accountable to its members. | 
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Rural cooperatives have a chequered history. The essential philosophy of solving a common economic problem by working together remains sound, provided that the special characteristics of a cooperative organisation are appropriate for the situation and the cooperative business activity has the potential to be profitable. There are examples throughout the world of successful rural cooperatives providing marketing or supply services, milk or crop processing or financial services to their members. There are also examples of cooperatives established as part of "development programmes" which have never functioned successfully and others that have been destroyed by political interference or poor management. As with agricultural banks there are now examples of cooperatives or credit unions being revived to once again provide viable services to their members in rural areas. The resources identified here are intended to facilitate that process.
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