5.6. SR 01-11-1999 - Laserfiche WebLink

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2. FINANCE: . Each year in concert with the budget process the Area Recreation Coordinator shall recommend a budget to the Area Recreation Board. This recommended budget shall be prepared in consultation with the appropriate administrative officials of each of the governmental units which are a party to this agreement. (This budget shall set forth the proposed administrative activities to be provided on a school district-wide basis.) Upon the appropriate approval of the budget, each participating municipality will transmit 1/12 of the approved amount to the School District each month. At the end of each year the 728 Area Recreation Board shall review the funds expended in the previous year. Actual expenditures in a previous year shall be the basis for adjusting a current year's monthly payments based on an over or under expenditure of actual expenditures compared to the budget in the prior year. At the end of each year the Area Recreation Coordinator shall prepare a report of activities which were conducted in the previous year and submit this report to the Area .ecreation Board and to the parties to this Agreement. The annual report shall be in a form such that it can be compared to the proposed program on which the annual budget has been prepared, realizing that flexibility in the program is necessary as long as it is within the budget. The Area Recreation Board shall have no taxing power. The Area Recreation Board shall review and recommend the appropriate use of State and Federal grants in accordance with the State Guidelines and in concert with the growth and development of Area Recreation in District No. 728. 3. FUNDING: School District responsibility: In order to encourage and facilitate the growth and development of 728 Area Recreation the School District will provide: - office and related facilities . (2)