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Confidential and Privileged

                                                                                                                                                                        For the Audit and Finance Committee's Review



                                             Section III:

                                             List of Work-papers for 2015 Pancake Co-op Performance



                                             Work-paper #1:                      Pancake Market Basket vs. Modified Producer Price Index: 2015 Performance for All Categories
                                             Work-paper #2:                      2015 Pancake Market Basket: Commentary on Category Performance


                                             Work-paper #3:                      Pancake Market Basket vs. Modified Producer Price Index: 2015 Performance by Category
                                             Work-paper #3-1:                    2015 Performance for Eggs and Pork

                                             Work-paper #3-2                     2015 Performance for Beef and Bakery

                                             Work-paper #3-3:                    2015 Performance for Grocery and Dairy

                                             Work-paper #3-4:                    2015 Performance for Beverage and Poultry/ Seafood

                                             Work-paper #3-5                     2015 Performance for Potatoes and Oils

                                             Work-paper #3-6:                    2015 Performance for Paper & Packaging

                                             Work-paper #4:                      Actual Store Delivered Costs for 2014 & 2015

                                             Work-paper #5:                      PPI Sub-indices for 2014 & 2015
   107   108   109   110   111   112   113   114   115   116   117