What document outlines the allocation of a co-op's budget for maintenance and repairs?

The document that outlines the allocation of a co-op's budget for maintenance and repairs is the Budget Statement. This document serves as a critical tool for co-ops as it details how funds are expected to be allocated and spent over a specified period, typically a fiscal year. A Budget Statement provides insight into anticipated income and expenses, including maintenance and repair costs, enabling members to understand how their fees contribute to the overall financial health of the cooperative.

While the Balance Sheet offers a snapshot of assets, liabilities, and equity at a particular point in time, and the Income Statement reflects the revenues and expenses over a period, neither of these focuses specifically on the budgeted allocations for maintenance and repairs. The Financial Report might summarize various financial activities but does not typically provide the focused detail present in a Budget Statement regarding specific expenditures like maintenance and repairs.