5.0. EDSR 01-13-2003 - Laserfiche WebLink

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( 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 therefor shall be in accordance with the Statute and procurement policies, if any, established by resolution of the Authority. ( 02 ) Approval of Contract by Attorney - Except for the purchase of expendable office supplies , no contract shall be made by the Authority through any officer or employee except in writing approved as to form by the attorney for the Authority. ( 03 ) Execution of Contracts - Unless otherwise directed by the Authority or required by the State or Federal agencies furnishing funds to the Authority, all contracts shall be executed on behalf of the Authority by any two, of the officers of the Authority. 4 . 5 ) Disbursements - ( 01 ) Federal Funds - All funds received from the Government of the United States or any of its agencies shall be disbursed and accounted for in accordance with the • regulations or requirements from time to time made by the Federal agencies furnishing said funds to the Authority. • 6 .