1989 AGN JUL 18 SAWPA - Laserfiche WebLink

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PARTIES, through the Board of Control created by the COORDINATED AGREEMENT, an annual report summarizing management, operation and maintenance activities and other matters of interest as agreed upon by the PARTIES. SAWPA shall also provide such other written or oral reports as may be reasonably requested by the other PARTIES. b. Budgets. Not later than 90 days before the commencement of any fiscal year (defined as July 1 to June 30), SAWPA shall prepare an annual budget and submit the same to the Board of Control for review and approval, which Budget shall estimate expenditures necessary for the operation, maintenance and repair of the Demonstration System. After incorporating such revisions as may be agreed upon by the Board of Control, the Board of Control shall submit a final budget to the governing bodies of COLTON and SAN BERNARDINO no later than 45 days prior to the start of the fiscal year. 7. Emergency Repairs And Replacement. COLTON and SAN BERNARDINO shall fund and SAWPA shall maintain an interest-bearing account of not more than $25,000.00 nor less than $15,000.00, accrued interest included, for the sole purpose of funding emergency repairs to the Demonstration System. SAN BERNARDINO and COLTON agree to promptly replenish this Emergency Fund as needed. SAN BERNARDINO shall contribute 75% of the funding and COLTON shall 0