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JPA, CSAC-EIA Amended: February 28, 2006 <br /> Page 12 of 21 <br />and also any costs incurred by the Authority in analyzing the member’s loss data and determining its <br />annual premium as of the time of entry. <br />(e) Reentry Into A Program. Any county or public entity that is a member of an insurance <br />program of the Authority who withdraws or is cancelled from an insurance program under Articles 21 and <br />22, may not reenter such insurance program for a period of three years from the effective date of <br />withdrawal or cancellation. <br /> <br /> <br />ARTICLE 15 <br />ACCOUNTS AND RECORDS <br /> <br /> (a) Annual Budget. The Authority shall annually adopt an operating budget pursuant to <br />Article 8 of this Agreement, which shall include a separate budget for each insurance program under <br />development or adopted and implemented by the Authority. <br /> (b) Funds and Accounts. The Auditor of the Authority shall establish and maintain such <br />funds and accounts as may be required by good accounting practices and by the Board of Directors. <br />Separate accounts shall be established and maintained for each insurance program under development <br />or adopted and implemented by the Authority. Books and records of the Authority in the hands of the <br />Auditor shall be open to inspection at all reasonable times by authorized representatives of members. <br /> The Authority shall adhere to the standard of strict accountability for funds set forth in <br />Government Code Section 6505. <br /> (c) Auditor's Report. The Auditor, within one hundred and twenty (120) days after the <br />close of each fiscal year, shall give a complete written report of all financial activities for such fiscal year <br />to the Board and to each member. <br /> (d) Annual Audit. Pursuant to Government Code Section 6505, the Authority shall either <br />make or contract with a certified public accountant to make an annual fiscal year audit of all accounts and <br />records of the Authority, conforming in all respects with the requirements of that section. A report of the <br />audit shall be filed as a public record with each of the members and also with the county auditor of the <br />county where the home office of the Authority is located and shall be sent to any public agency or person <br />in California that submits a written request to the Authority. The report shall be filed within six months of <br />the end of the fiscal year or years under examination. Costs of the audit shall be considered a general <br />expense of the Authority. <br /> <br /> <br />ARTICLE 16 <br />RESPONSIBILITIES FOR FUNDS AND PROPERTY <br /> <br /> (a) The Treasurer shall have the custody of and disburse the Authority's funds. He or she <br />may delegate disbursing authority to such persons as may be authorized by the Board of Directors to <br />perform that function, subject to the requirements of (b) below. <br /> (b) Pursuant to Government Code Section 6505.5, the Treasurer shall: