> For the complete documentation index, see [llms.txt](https://organisation.signalise.coop/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://organisation.signalise.coop/rules-bylaws/finances.md).

# Finances

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This video is not an official translation but a summary for board members while we develop formal translations.
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What the bylaws say:

> ...any profits of the Co-operative shall be used for the following reasons and apportioned as agreed by Members at the annual general meeting:&#x20;
>
> (a) To a general reserve for the continuation and development of the Co-operative;&#x20;
>
> (b) To paying dividends to Members&#x20;
>
> (c) To making payment for social, co-operative or community purposes within the community served by the Co-operative.

The board has to decide before every annual general meeting, what any profits could be spent on.&#x20;

The bylaws say funds should be put into reserves (to make sure the co-op can survive in an emergency) or put into social, co-op or community purposes first before any profits are paid to members.

<img src="/files/MVKIpKZtlY1JajdGs8iu" alt="" width="188">
