The co-op’s positive cash flow of over $1.4 million in FY2022 was primarily due to the receipt of Employee Retention Credit (ERC) stimulus funds that were earned in FY2021 but received in FY2022. Similar to our improved balance sheet ratios, we are now in a stronger cash position than at any time since opening the Friendship store. . Our year-end cash position of $3,350,375 puts us in a solid position to engage in proactive strategic initiatives such as remodeling the Franklin store’s sales floor.
Loading