There are so many interesting types of co-operatives in Saskatchewan. Of course, I love ALL co-operatives and credit unions. But there are some pretty unique co-operatives here. Since we’re all not traveling too far this year, this blog post will take you on an armchair tour of just some of these co-ops around the province that you may not have heard of before, as well as a few examples of industries that have a lot of co-operatives here.
*GUEST POST* By Kenzie Love, CWCF Communications and Executive Assistant
As Saskatchewan, like other provinces, confronts the challenges posed by the impending surge of retiring baby boomers, it seems natural to look to the employee succession solution. Ideally, employees taking over a business would provide jobs for those who would otherwise lose them if it shut down, income for a retiree counting on selling the business to finance their retirement, and the continuation of a store or service that would be sorely missed, particularly in a small town. But despite these apparent advantages, employee succession remains relatively uncommon, not just in Saskatchewan but throughout Canada.
In my last blog post, we looked at what the main financial statement documents are and what they mean. Now that you understand what each of the financial statements are for, this blog post looks more closely at some of the items you can expect to see on the financials, and how this information can help you assess your co-operative’s financial health.
Financial statements can help board members and managers understand your co-operative’s spending, your financial position, as well as helping boards provide oversight on the spending and financial performance of the organization. This blog post is intended to help directors that aren’t financial experts gain some introductory understanding of the main financial statements co-operatives use and to gain a few ideas of what kinds of information to look for on these statements.
SCA's Summer Administrative Assistant, Effie Kosmas, volunteers with the Student Wellness Initiative Toward Community Health (SWITCH).... we asked her to share some information about what SWITCH is and the partnership between SWITCH and the Saskatoon Community Clinic.