R-031-15 Consenting to the Inclusion of Properties witin the Territory of the City in the CSCDA Open Pace Programs

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in accounting based on a different fiscal year previously b. Prior to the beginning of each fiscal year, the Board shall adopt a budget for die succeeding fiscal year. C. The Authority shall establish and maintain such funds and accounts as may be required by generally accepted accounting principles. The books and records of the Authority are public records and shall be open to inspection at all reasonable tunes by each Member and its representatives. d. The Auditor shall either make, or contract with a certified public accountant or public accountant to make, an arcual audit of the accounts and records of the Authority. The minimum requirements of die audit shall be those prescribed by die State Controller for special districts under Section 26909 of die Government Code of die State of California, and shall conform to generally accepted auditing standards. When an audit of accounts and records is made by a certified public accountant or public accountant, a report thereof shall be filed as a public record with each Member (and also with the auditor of Sacr<anento County as die county in which the Authority's office is located) within 12 months after die end of the fiscal year. e. In any year in which die annual budget of the Authority does not exceed five thousand dollars 05,000.00), the Board may, upon unanimous approval of the Board, replace the anim- al audit with an ensuing one-year period, but in no event for a period longer dhan two fiscal years. 16. Duties of Members or Associate Members; Breach If any Member or Associate Member shall default in performing any covenant contained herein, such default shall not excuse that Member or Associate Member from fulfilling its other obligations hereunder, and such defaulting Member or Associate Member shall remain liable for die performance of all covenants hereof. Each Member or Associate Member hereby declares that this Agreement is entered into for die benefit of die Authority created hereby, and each Member or Associate Member hereby grants to die Authority die right to enforce, by whatever lawful means die Authority deems appropriate, all of die obligations of each of die parties hereunder. Each and all of die remedies given to die Authority hereunder or by any law now or hereafter enacted are cumulative, and the exercise of one right or remedy shall not impair the right of die Authority to any or all other remedies. 17. Indemnification To die full extent permitted by law, the Board may audhorire indehmhification by die Authority of any person who is or was a Board Delegate, alternate, officer, consultant, employee or other agent of the Authority, and who haus or is a party or is threatened to be made a pa ly to a proceeding by reason of tine fact that such person is or was such a Delegate, alternate, officer, consultant, employee or other agent of die Authority. Such indemnification may be made against expenses, judgments, fines, settlements and other amounts actually and reasonably incurred in commection with such proceeding, if such person acted in good faith and in a manner such person reasonably believed to be in die best interests of die Authority and, in the case of a criminal