At their last meeting the Board of Directors approved changes to the RLCAR Policy Manual.
Section 1.07 Payment of Financial Obligations
This section was revised to more accurately explain the process of dues and fees billing, but also provide information on the procedure if payment of dues and fees is not received in a timely manner.
Section 1.08 Returned Checks
Provides explanation of the process if a payment is returned for any reason
Section 1.09 Appeal of Late Fees
Provides a process to appeal late fees
Section 2.15 Investment Policy
Adopts a policy on handling investable assets of the association
2.15.1 Real Assets
2.15.2 Cash & Marketable Securities
2.15.3 Supporting Guidelines
2.15.4 Investment Authorization