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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, <br />