monitoring

Using Monitoring Reports to Ensure Organizational Alignment

The Board’s Job Creating board policies is no easy task. Clearly articulating the board’s expectations of a general manager takes a lot of energy and focus—so boards can justifiably congratulate themselves once they’ve written down their expectations in a way that a manager can easily understand. But the board’s work doesn’t end there. Many boards, once they’ve created their policies and learned to empower—rather [...]

Generating Board and GM Efficiency through Monitoring

Medford Food Co-op Medford, OR Year founded: 2011 Member investment: $100 Number of members: 3,200 Number of employees: 35 Retail square footage: 4,300 + 700 off-site café When Anne Carter came to Medford Food Co-op in Medford, Oregon, the startup co-op had been open for two years and was still establishing its operations and governance. Their internal situation was mirrored in the community-at-large. Medford [...]

GM Report Support: Financial Conditions Monitoring

  Cooperative managers are charged with creating reports that demonstrate financial accountability to the board. Yet some managers struggle with having the right amount of information for their boards. When it comes to financial reporting what is the right amount? In the CDS Consulting Co-op Library in the GM Report Support section, managers can find templates for financial conditions monitoring reports that gives boards the [...]

“Planning and Financial Budgeting” Monitoring Report Template

From September 2014 Our CBLD team recently updated our set of template policies (which you can find in “Sample Policies” section of the CBLD Library) to incorporate new learning and feedback from our client boards and managers. The new “Planning and Financial Budgeting” policy template was redesigned in order to help boards and managers focus attention on Ends accomplishment. Now, in the GM Report [...]

Context Matters: Using Trends to Monitor the Financial Health of your Co-op

By Michael Healy When it comes to numbers and data, context matters. The context in which we place particular numbers helps us make meaning of those numbers, and this is particularly important when we are talking about financial data. Over many generations, managers and accountants have developed financial reporting tools that help them do their jobs. Balance sheets, income/expense (aka profit/loss) statements, and cash-flow [...]

Minimizing the Risk of Fraud

By Thane Joyal, Mark Goehring 173 July - August 2014 Loss prevention is a key piece of the retail grocery business. Co-op managers are aware of this at their level and manage against it every day, but everyone in the cooperative needs to pay attention to the possibility. Board members: don’t be complacent. There are myriad ways to steal from a grocery store: at the [...]

Great Idea: Using Trend Data in Financial Reporting

  Along with the template Financial Conditions policy, in the CBLD Library you can find an easy to use monitoring report template that reflects the trends approach outlined in this article. When it comes to numbers and data, context matters. This is particularly important when we are talking about financial data; the context in which we place particular numbers helps us make meaning of [...]