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2002 AGN MAR 05 I01
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2002 February 05 Agenda Packet
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2002 AGN MAR 05 I01
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296 <br />297 <br />298 <br />299 <br />300 <br />301 <br />302 <br />303 <br />304 <br />305 <br />306 <br />307 <br />308 <br />309 <br />310 <br />311 <br />3 ] 2 5.4 <br />333 <br />314 <br />315 <br />316 <br />317 <br />318 <br />319 <br />320 <br />321 <br />322 <br />323 <br />324 <br />325 <br />326 <br />327 <br />328 <br />329 <br />330 <br />331 <br />332 <br />333 <br />334 <br />335 6. <br />shall incorporate therein the Operating Budget (including a fuel budget and provision for the <br />payment of costs of Capital Improvements which are not to be financed by proceeds of <br />Bonds) for such Power Supply Year as prepared by the Operating Agent and approved by the <br />Coordinating Committee. [CITY NAME] and the other Project Participants may then submit <br />to SCPPA, at any time until the Annual Budget is adopted, any matters or suggestions <br />relating to the Annual Budget. SCPPA shall adopt the Annual Budget not less than 30 nor <br />more than 45 days prior to the beginning of such Power Supply Year and shall cause copies <br />of such adopted Annual Budget to be delivered to [CITY NAME] and the other Project <br />Participants; provided, however, the Annual Budget for the fust Power Supply Year shall be <br />prepared, considered, adopted and delivered in the most practicable manner available prior to <br />the Date of Firm Operation. As required from time to time during any Power Supply Yeaz <br />after seven days notice to [CITY NAME] and the other Project Participants, SCPPA may, <br />pursuant to the foregoing provisions for adopting the Annual Budget, adopt an amended <br />Annual Budget for and applicable to such Power Supply Year for the remainder of such <br />Power Supply Year. The Annual Budget shall establish the basis for the monthly Billing <br />Statements to be sent to �CI7'Y NAME], all as provided in Section 7 hereof. <br />Reuorts. SCPPA will prepare and issue to [CITY NAME] and the other Project Participants <br />the following reports each quarter of a Power Supply Yeaz: <br />5.4.1 <br />5.4.2 <br />Financial and operating statement relating to the Project. <br />Variance report compazing the costs in the Annual Budget versus actual costs, and <br />the status of other cost-related issues with respect to Ihe Project. <br />5.5 Records and Accounts. SCPPA will keep, or cause to be kept, accurate records and accounts <br />of each of the facilities comprising the Project as well as of [he operations of SCPPA relating <br />to the Project, all in a manner similaz to the FERC Uniform System of Accounts. All <br />transactions of SCPPA relating to the Project with respect to each Fiscal Year shall be subject <br />to an annual audit. [CITY NAME] shall have the right at its own expense to examine and <br />copy the records and accounts referred to above on reasonable notice during regular business <br />hours. <br />5.6 Provide Information. [CITY NAME] agrees to supply SCPPA, upon request, with such <br />information and documentation as SCPPA shall reasonably determine to be requisite to and <br />necessary or des'uable for the design, financing, refinancing, construction, operation and <br />maintenance of the Project, including information reasonably available to allow SCPPA to <br />respond to requests for such information from any federal, state or loca] regulatory or other <br />authority. <br />5.'I Consultants and Advisors Available. SCPPA shall make available to the Coordinating <br />Committee at the latter's request, all consultants and advisors, including, but not limited to, <br />financial advisors and bond counsel, that aze retained by SCPPA, and such consultants and <br />advisors shall be authorized to consult wi[h and advise the Coordutating Committee on <br />Project matters. <br />COORDINATING COMMITTEE. <br />336 6.1 Establish Coordinating Committee. In order to provide for effective cooperation and <br />337 interchange of information and to provide coordination on a promp[ and orderly basis among <br />45049822.18 (PSAProjatA) <br />
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