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<br />This Agreement shall not be exclusive, and each Member expressly reserves its <br />rights to carry out other public capital improvements and programs as provided for by <br />law and to issue other obligations for those purposes. This Agreement shall not be <br />deemed to amend or alter the terms of other agreements among the Members or Associate <br />Members. <br />13. Conflict of Interest Code <br />The Authority shall by resolution adopt a Conflict of Interest Code as required by <br />law. <br />14. Contributions and Advances <br />Contributions or advances of public funds and of personnel, equipment or <br />property may be made to the Authority by any Member, Associate Member or any other <br />public agency to further the purpose of this Agreement. Payment of public funds may be <br />made to defray the cost of any contribution. Any advance may be made subject to <br />repayment, and in that case shall be repaid in the manner agreed upon by the advancing <br />Member, Associate Member or other public agency and the Authority at the time of <br />making the advance. <br />15. Fiscal Year; Accounts; Reports; Annual Budget; Administrative <br />Expenses <br />a. The fiscal year of the Authority shall be the period from January 1 of each year <br />to and including the following December 31, except for any partial fiscal year resulting <br />from a change in accounting based on a different fiscal year previously. <br />b. Prior to the beginning of each fiscal year, the Board shall adopt a budget for the <br />succeeding fiscal year. <br />c. The Authority shall establish and maintain such funds and accounts as may be <br />required by generally accepted accounting principles. The books and records of the <br />Authority are public records and shall be open to inspection at all reasonable times by <br />each Member and its representatives. <br />d. The Auditor shall either make, or contract with a certified public accountant or <br />public accountant to make, an annual audit of the accounts and records of the Authority. <br />The minimum requirements of the audit shall be those prescribed by the State Controller <br />for special districts under Section 26909 of the Government Code of the State of <br />California, and shall conform to generally accepted auditing standards. When an audit of <br />accounts and records is made by a certified public accountant or public accountant, a <br />report thereof shall be filed as a public record with each Member (and also with the <br />auditor of Sacramento County as the county in which the Authority’s office is located) <br />within 12 months after the end of the fiscal year. <br />e. In any year in which the annual budget of the Authority does not exceed five <br />thousand dollars ($5,000.00), the Board may, upon unanimous approval of the Board,