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documents:manual:finance [2023/05/08 17:05 UTC]
wikiperson209 ↷ Links adapted because of a move operation
documents:manual:finance [2023/05/21 19:18 UTC] (current)
ezgi [Due Dates, Late Fees, and Financial Standing]
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   * Dues are to be deposited on or before the 7th of the month, or they are considered late.   * Dues are to be deposited on or before the 7th of the month, or they are considered late.
-  * If a member's dues are late and more than $100 is owed, they will incur a $10 fine on top of their dues. The fine will be assessed on the 8th of the month. <sub>[[meetings:archive:2023-03-12#agenda_item_1|[HM 3-12-23]]]</sub>+  * If a member's dues are late and more than $100 is owed, they will incur a $10 fine on top of their dues. The fine will be assessed on the 8th of the month. <sub>[[:meetings:archive:2023-03-12#agenda_item_1|[HM 3-12-23]]]</sub>
-  * If after the 15th of the month a member still owes more than $100, they will incur a second $10 fine on top of their dues. This fine will be assessed on the 16th of the month. <sub>[CHEA Contract]</sub> <sub>[[meetings:archive:2023-03-12#agenda_item_1|[HM 3-12-23]]].</sub>+  * If after the 15th of the month a member still owes more than $100, they will incur a second $10 fine on top of their dues. This fine will be assessed on the 16th of the month. <sub>[CHEA Contract]</sub> <sub>[[:meetings:archive:2023-03-12#agenda_item_1|[HM 3-12-23]]].</sub>
   * Late fees accrued on any unpaid debts while a member is in a hospital, including a psychiatric hospital, shall be waived <sub>[[:meetings:archive:2015-10-04#agenda_item_4|[HM 10-4-15]]]</sub>.   * Late fees accrued on any unpaid debts while a member is in a hospital, including a psychiatric hospital, shall be waived <sub>[[:meetings:archive:2015-10-04#agenda_item_4|[HM 10-4-15]]]</sub>.
  
 <sub>[[:meetings:archive:2013-04-21#move_to_adopt_the_following_policy_for_membership_dues_gatlin|[HM 4-21-13]]]</sub> <sub>[[:meetings:archive:2013-04-21#move_to_adopt_the_following_policy_for_membership_dues_gatlin|[HM 4-21-13]]]</sub>
  
-If, on the 16th day of a month, a member is overdue on an amount greater than $250, the member has fallen out of good standing with the coop and is considered "Not in Good Standing" (NGS). In order for the NGS member to return to good standing, he or she must contact the [[:documents:officers#bookkeeper|Bookkeeper]] and reach an agreement on a payment plan. The [[:documents:officers#bookkeeper|Bookkeeper]] may also reach out to NGS members to assist them in returning to good standing. The $250 limit goes into effect July 1st, 2023. <sub>[[meetings:archive:2023-03-12#agenda_item_2|[HM 3-12-23]]]</sub>+If, on the 16th day of a month, a member is overdue on an amount greater than $250, the member has fallen out of good standing with the coop and is considered "Not in Good Standing" (NGS). In order for the NGS member to return to good standing, one must contact the [[:documents:officers#bookkeeper|Bookkeeper]] and reach an agreement on a payment plan. The [[:documents:officers#bookkeeper|Bookkeeper]] may also reach out to NGS members to assist them in returning to good standing. The $250 limit goes into effect July 1st, 2023. <sub>[[:meetings:archive:2023-03-12#agenda_item_2|[HM 3-12-23]]]</sub>
  
 If, by the 21st day of the month, a payment plan agreement is printed and signed by the NGS member, or the amount due plus any late fees have been paid in full, the member returns to good standing. Otherwise, the member is to be given a notice to vacate. A member who has violated the terms of a payment plan agreement is also no longer in good standing and is to be given a notice to vacate. The [[:documents:officers#bookkeeper|Steward, Treasurer or Membership Coordiator]] must post the notice to vacate and also announce its occurrence on the official coop mailing list by the end of the 26th day of the month. If, by the 21st day of the month, a payment plan agreement is printed and signed by the NGS member, or the amount due plus any late fees have been paid in full, the member returns to good standing. Otherwise, the member is to be given a notice to vacate. A member who has violated the terms of a payment plan agreement is also no longer in good standing and is to be given a notice to vacate. The [[:documents:officers#bookkeeper|Steward, Treasurer or Membership Coordiator]] must post the notice to vacate and also announce its occurrence on the official coop mailing list by the end of the 26th day of the month.
documents/manual/finance.txt · Last modified: 2023/05/21 19:18 UTC by ezgi