BCCFA

 
121 Point Ideal Drive
P.O. Box 428,
Lake Cowichan, British Columbia
Canada   V0R 2G0
Telephone: (250) 749-6320
Facsimile: (250) 749-6321
email: clcfc@cowichanlake.ca

Board Policy


Profit Allocation

From time to time the Cowichan Lake Community Forest Co-operative will realize profits from it's operations of the Forest Licence.

 

In keeping with our Constitution and By-laws. Our Mission Statement and statement of purpose and the Co-operative Association Act these profits will be allocated as follows:

 

Ten percent (10%) will be set aside in a Reserve Fund to meet contingencies that may arise from time to time.

Eighty Percent (80%) to generate employment and to sustain employment.

This may include:
  1. Investing in Capital Expenditures (i.e. a Dry Kiln)
  2. Researching what is needed to enhance and encourage Value Added manufacturing
  3. Training and Education for workers
  4. Establishing expertise to assist small businesses to be successful
  5. Loans and Grants
  6. Other ideas that may come up from time to time from the Board of Directors, Member organizations, or the community

Ten Percent (10%) to establish a Community Legacy Fund

 
 

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