COOPERATIVE INSPECTOR OFFICE.

LEGAL AUTHORITY

Act No. 247 of August 10, 2008, known as The Organic Law for the Commission for the Cooperative Development in Puerto Rico, annuls Act No. 89 of June, 21, 1966, as amended, that creates the Cooperative Inspector's Office and consolidates the functions, resources and personnel from that Office with the public corporation for the Supervision and Insurance of Cooperatives. (COSSEC Spanish Acronym)


PROGRAMMATIC STRUCTURE


POSITIONS FILLED

Authorized and Proposed Positions 2009 2010 2011 2012
Sept./08 Sept./09 Sept./10 Feb./11 Proj.

 

Total amount of positions 0 0 0 0 0

Data obtained from the Headcount Reports certified by the Agency. As of fiscal year 2008-2009 human resources were transferred to the Commission for Cooperative Development of Puerto Rico.


Program

Cooperatives Inspection, Regulation and Intervention

Program Description

Monitors and investigates all cooperatives organized under the General Law of Cooperative Societies to ensure all cooperatives comply with the legal stipulations, regulations, incorporation clauses, and incet, the goals and purposes for which they were organized. Offers legal and financial advice, evaluates and conducts economic analysis directed to predict, in a timely manner, tendencies per sectors. It evaluates and grants permits to start operations, and inspects insolvent cooperatives. Also, audits cooperatives incorporated under the Special Youth Cooperative Law so that they comply with established laws and norms.

Human Resources

Authorized and Proposed Positions 2009 2010 2011 2012

Managerial,Technical, Administrative, and Office Staff 14 0 0 0
Judges, Lawyers, and Legal Staff 2 0 0 0
Planning, Budget, Statistics, Auditing, and Finance 10 0 0 0
Maintenance and General Services Staff 3 0 0 0
Total, Positions 29 0 0 0


FISCAL YEAR 2011-2012 ADOPTED BUDGET

The Cooperative Inspector Office of Puerto Rico merged its operations with the Public Corporation for the Supervision and Insurance of Cooperatives. Consequently, all human and financial resources were transferred to the Corporation.

SUMMARY OF AVAILABLE RESOURCES

Consolidated Budget  (thousands $) 2009 2010 2011 2012

 

Program  
Operational Expenses Actual Actual Budget Adopted
Cooperatives Inspection, Regulation and Intervention 1,195 0 0 0
Subtotal, Operational Expenses 1,195 0 0 0
Total, Program 1,195 0 0 0
 
Funding Sources  
Operational Expenses  
Joint Resolution - General Fund 940 0 0 0
State Special Funds 255 0 0 0
Subtotal, Operational Expenses 1,195 0 0 0
Total, Funding Sources 1,195 0 0 0
 
Expense Category  
Operational Expenses  
Payroll and Related Expenses 1,092 0 0 0
Rent and Utilities 8 0 0 0
Purchased Services 26 0 0 0
Professional Services 59 0 0 0
Other Expenses 4 0 0 0
Equipment Purchases 1 0 0 0
Office Supplies and other Materials 4 0 0 0
Advertising and Media Expenses 1 0 0 0
Subtotal, Operational Expenses 1,195 0 0 0
Total, Expense Category 1,195 0 0 0