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--- policy_documents:board_policy_manual:section_2 [2025/04/22 06:03] – Add 2.1.4 (+2.1.4.1 & 2.1.4.2) re : Budgeting Process and charge stabilization, per Board decision 4/21/2025 hojosparks
+++ policy_documents:board_policy_manual:section_2 [2025/04/22 06:45] (current) – hojosparks
@@ Line 104: / Line 104: @@
   - **2.7.3** Operate without proper risk management and appropriate insurance toward continuous operations, services and property.
   - **2.7.4** Allow unbonded personnel access to material amounts of funds.
-  - **2.7.5** Allow inadequate security of cooperative premises and property and reasonable protections for member personal property.
+  - **2.7.5** Allow inadequate security of cooperative premises and property or fail to provide reasonable protections for members' personal property.
   - **2.7.6** Make any asset purchase:  (a) wherein normally prudent protection has not been given against conflict of interest;  (b) without having obtained comparative prices and quality;  (c) without a stringent method of assuring the balance of long term quality and cost.
     - **2.7.6.1** Exception: emergency purchases.
   - **2.7.7** Allow improper access to data, intellectual property, and information or files to be unprotected from loss, theft or significant damage.
     - **2.7.7.1** Allow improper usage of members’ personal information.
   - **2.7.8** Receive, process or disburse funds under methods that are insufficient to meet the GAAP standard for internal controls.
   - **2.7.9** Allow investments or operating capital to be held in insecure or uninsured instruments or unreasonably risked.