Financial Report

Thank you all for another great year! For the fiscal year that ended June 30, 2004, we had sales of over 27 million! The Co-op is in a strong financial position with high sales, zero outside debt, a rainy day savings account, and stable expenses. This year we are giving back to members $500,000 in cash as a patronage refund. It is the largest cash distribution we've ever been able to make. When added to member discounts, it will equal a 4.4% return on purchases to members. The average cash return for this one year, on a member's $80.00 stock, comes to 96.9%. Wow.