Every cooperative board of directors is charged with both protecting and utilizing the resources of the cooperative for its members. This simply stated prime directive is far from a simple task.
Balancing the needs of the member with the needs of the cooperative’s balance sheet is a tricky proposition at best. Establishing margins to cover actual costs along with additional net savings that will allow for future growth of services can be difficult, but past performance – together with reasonable expectations and realistic optimism – should drive financial projections.
With the help of the cooperative’s management, boards develop and approve business plans that will meet the organization’s goals. Most planning cycles are conducted annually, creating a budget that anticipates surpluses. New projects offering better services or products are financed along with long-term financing, either with new injections of capital or long-term borrowings. Unrealistic long-term financing projections can seriously interrupt the monthly and daily operations of a cooperative, therefore, understanding how current assets and liability affect the cash to cash cycle is a critical piece of knowledge that any board member needs. Current assets consist of cash, inventories and accounts receivable. Current liabilities include accounts payable for goods and services and the current portion of long or immediate term debt.
The tensions between the French speaking,Catholic descendants of French colonists and the English speaking,Protestant British population and government.
Ideas that the USA was planning any invasion of Canada in 1865 or just after are nonsense - Britain had sold far more war materiel to the Union than the Confederacy during the Civil War,the Union army was needed to enforce Reconstruction on US citizens in the South,and any war with Britain would have seen the huge British navy establish a blockade of the US coast and cripple the US economy - as it had done in the War of !812.President Johnson was aware of all of this,so had no intention - or desire to - attack Canada.
