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DRAFT - 3/6/97 <br /> <br /> Each member shall pay its appropriate initial contribution to the county acting <br />as fiscal agent of the Authority within 30 days of execution of this Agreement. <br /> <br />Section 2: On-Going Administrative Expenses. <br /> <br />A. By July 1 of each year, the Authority shall adopt an annual budget for the <br />following calendar year, and shall determine the amount of contribution, if any, by <br />each member. The budget and the resulting assessments shall be approved bya <br />two-thirds majority of the Authority. The assessments shall be made in the same <br />proportions set forth in Section 1. If, in any year, the amount of any contribution <br />exceeds that estimated as each member's share toward the total annual cost, the <br />excess shall be allocated in such manner as to reduce each member's contribution <br />in accordance with the assessment formula herein. <br /> <br />B. If the Authority incurs any expenses as a result of a claim for damages, the <br /> <br />expenses and any damages paid shall be assessed against each member in the <br />same manner as in the assessment formula described in paragraph A above, as <br />applicable. <br /> <br />Section 3: Time of Payment. <br /> <br /> Except for the initial contribution, all assessments made under the provisions <br />of this Article shall be paid by each member by January 1 of each year unless the <br />member has withdrawn pursuant to Article VIII. <br /> <br />Section 4: Budgeting and Accounting Services. <br /> <br /> The Authority may contract with one of its member counties to provide any <br />and all budgeting and accounting services necessary or convenient for the <br />Authority. Such services shall include, but not be limited to: management of all <br />funds, including county contributions and grant monies; payment for contracted <br />services; and relevant bookkeeping and recordkeeping. The contracting and <br /> <br /> <br />