Example of Costs Based On Data From Cooperative X

The accounting of revenues and expenses related to the operation and maintenance of real estate in housing cooperatives is regulated by statutory provisions as well as internal cooperative regulations. The Act on Housing Cooperatives defines the general principles for charging fees covering the costs of operating and maintaining both individual properties and cooperative-owned assets, but it does not specify detailed rules for fee calculation or accounting procedures. These issues are therefore regulated by the cooperative’s statute and internal regulations adopted by cooperative bodies, most often the supervisory board.