6.8 EDSR 01-19-2016 - Laserfiche WebLink

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(02) The Authority may delegate to its staff,employees,or agents such powers or duties as it may deem proper. 3.5) Consultants The Authority may contract for the services of consultants as needed to perform its duties and exercise its powers. (01)The fees,if any,of all contracted agents or consultants of the Authority shall be fixed by the Boand of Commissioners. (02)The Authority shall use the services of the City Attorney as its chief legal advisor. ARTICLE 4. FINANCE AND CONTRACTS 4.1) Fiscal Year- The fiscal year of the Authority shall be the same as the fiscal year of the City 4.2) Budget- The following budgetary proceedings shall apply to the transaction of business by the Authority. (01) A budget shall be prepared by the Treasurer in accordance with the Statute.The • Treasurer shall present the budget to the Commissioners of the Authority for consideration each year at such time as established by the Authority. (02)The budget shall include estimated revenues,the source of revenues and an estimate of the amount of money needed from the City,the costs of projects for the ensuing year,the estimated costs for staff personnel,and the purposes to which money on hand is to be applied,as well as the general administrative and overhead costs estimated for the ensuing year,and a proposed levy. (03)After full consideration of the budget,the Commissioners of the Authority shall approve it and the President of the Authority shall submit the budget to the City Council. 4.3)Financial Statements- Financial statements of the Authority must be prepared, presented,approved,and filed in accordance with Minnesota Statutes Sections 469.097 and 469.100 and other relevant statutes as amended or revised. 4.4) Contracts and Procurement (01) All construction work and work of demolition and clearing,contracts for services or for repairs,maintenance and replacements,and every purchase of equipment,supplies or materials and contracts therefore shall be in accordance with the Statute and procurement policies,if any,established by resolution of the Authority.