documents:manual:finance
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documents:manual:finance [2019/09/10 13:48 UTC] hannahf |
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' | + | * 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| An notice to vacate given to an NGS member for financial reasons may be rescinded by one of the following means, before the time limit to vacate (as written on the notice) has expired: | An notice to vacate given to an NGS member for financial reasons may be rescinded by one of the following means, before the time limit to vacate (as written on the notice) has expired: | ||
| Line 20: | Line 20: | ||
| * 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 ==== | ||
| Line 41: | Line 42: | ||
| - If the payment plan would extend past the end date of a resident' | - If the payment plan would extend past the end date of a resident' | ||
| - | < | + | < |
| ==== Turning in Receipts ==== | ==== Turning in Receipts ==== | ||
| - | When you purchase something for the coop write the following on the receipt | + | When you purchase something for the coop, write the following on the receipt, then take a picture and email it to expense@lareunioncoop.org. [[meetings: |
| * Your Name/ | * Your Name/ | ||
| * One of the following categories: | * One of the following categories: | ||
| Line 66: | Line 66: | ||
| A member may receive an expense reimbursement from the house only after all receipts are turned in and both the treasurer and the expense bookkeeper have approved. | A member may receive an expense reimbursement from the house only after all receipts are turned in and both the treasurer and the expense bookkeeper have approved. | ||
| - | < | + | < |
| ==== Reporting ==== | ==== Reporting ==== | ||
| Line 78: | Line 79: | ||
| Anyone current on their payment plan will not have their name listed. | Anyone current on their payment plan will not have their name listed. | ||
| - | Records of this data shall be retained, and shall be made available to members on request < | + | Records of this data shall be retained, and shall be made available to members on request < |
| A member must receive a printed notice within 48 hours of being fined by the house if either: | A member must receive a printed notice within 48 hours of being fined by the house if either: | ||
| Line 90: | Line 91: | ||
| The member has informed the bookkeeper in writing that they prefer to receive physical notices. | The member has informed the bookkeeper in writing that they prefer to receive physical notices. | ||
| - | < | + | < |
| ==== Eviction ==== | ==== Eviction ==== | ||
| - | If the time period of an eviction notice has expired, and the evicted tenant has not vacated, the [[: | + | If the time period of an eviction notice has expired, and the evicted tenant has not vacated, the [[: |
documents/manual/finance.1568123292.txt.gz · Last modified: 2019/09/10 13:48 UTC by hannahf
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