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documents:manual:finance [2021/09/17 17:47 UTC] wikiperson209 ↷ Links adapted because of a move operation |
documents:manual:finance [2023/05/21 19:18 UTC] 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' | + | * If a member' |
- | * If after the 15th of the month a member still owes more than $100, the will incur a second $10 fine on top of their dues < | + | * 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. |
- | * Late fees accrued on any unpaid debts while a member is in a hospital, including a psychiatric hospital, shall be waived < | + | * Late fees accrued on any unpaid debts while a member is in a hospital, including a psychiatric hospital, shall be waived < |
- | < | + | < |
- | If, on the 16th day of a month, a member is overdue on an amount | + | If, on the 16th day of a month, a member is overdue on an amount |
- | 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 [[: | + | 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 [[: |
An notice to vacate given to an NGS member for financial reasons may be rescinded by one of the following means, before the time limit to vacate (as written on the notice) has expired: | An notice to vacate given to an NGS member for financial reasons may be rescinded by one of the following means, before the time limit to vacate (as written on the notice) has expired: | ||
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* The NGS member brings an agenda item to a Sunday [[: | * The NGS member brings an agenda item to a Sunday [[: | ||
- | < | + | < |
On the 21st of the month, Associates with an outstanding balance of over $100 shall have their Associate Membership Contract terminated. | On the 21st of the month, Associates with an outstanding balance of over $100 shall have their Associate Membership Contract terminated. | ||
- | Any member who leaves the co-op not in good standing cannot sign a new contract until they have returned to good standing < | + | Any member who leaves the co-op not in good standing cannot sign a new contract until they have returned to good standing < |
+ | |||
+ | Fines for infractions committed by a member in a single month (late payments, no-shows, etc.) shall be capped at $75. This does not include bounced check fees or recompense for coop property loss or damage. Over $75 in fines may still be levied in a single month so long as a single month' | ||
- | Fines for infractions committed by a member in a single month (late payments, no-shows, etc.) shall be capped at $50. This does not include bounced check fees or recompense for coop property loss or damage. Over $50 in fines may still be levied in a single month so long as a single month' | ||
==== Payment Plans ==== | ==== Payment Plans ==== |