The cooperative will post its annual report under this tab after our first year in operation. As we are still in our start-up stage, our preliminary budget is below. 

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In determining the financial viability of the co-op, the board used only the annual base advertising fee of $250, with the goal of 3,000 advertisers in the first year, to caluclate the preiminary budget. Other income sources may include lifetime membership fees, additional site listings and keywords by members. here may also be grants available that the cooperative is eligible for. 

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Estimated Income: 3,000 advertisers x $250 = $750,000

Estimated Expenses (1st year) = $530,000

Estimated Profit: $220,000

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While the formula for annual dividends will be determined by a member vote, if using 50% of the profits towards dividends, each of the 3,000 advertising members would receive a patronage dividend of about $35. Additional income has not been taken into account. In future years member votes may determine a smaller annual fee, and there is potential for an even balance between fees and dividends.

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Preliminary Estimated Expenses:

$  45,000 Member Assistance Fund ($15 from each paid membership contributed to fund)

$  15,000 Future Funding Fund ($5 from each paid membership contributed to fund)

$  90,000 App Purchase ($30 per membership fee goes towards purchase requirements)

$  60,000 Board Expenses (With a working board, expenses may be for projects, meetings, mileage etc.)

$ 253,000 Contracted Labour Expenses (Executive Director,, Sales, Marketing, Accounting, etc.)

$    10,000 Online Expenses (Monthly or annual fees for domain, website, data usage etc.)

$  15,000 App Maintenance & Upgrades

$  22,000 Legal & Professional Fees

$  20,000 Conferences, Marketing

​$530,000 Total Estimated Expense

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