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Financial Requirements Members pay an initial fee of $10,000 per adult member. This was the amount each of the original members contributed toward the purchase of the farm. This amount is refundable to departing members, but the Coop may limit repayments to no more than $100 a month plus interest on the unpaid balance. Members make a monthly contribution to Zephyr’s expenses. This is set annually during Coop budget discussions and is currently $63/month per member.. Other charges paid by those living at Zephyr include charges for trash/recycling averaging from $20 to $40/month per household depending on the number of adults & kids.
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Financial Health of Coop The Coop has no outstanding debt. Land and buildings are assessed over $2 million Our operating budget for 2011
is $20,000. 31% of this comes from members and the rest from
agricultural land
and building rents, and from government programs. This
additional
income
allows
us
to keep member
contributions low. |