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requirements of the County or CWU necessary to meet each entity's respective individual <br />obligations agreed to with the designated areas of responsibility and operational <br />responsibilities matrix. The staffing plan recommendation shall include an organizational <br />chart, job descriptions, and compensation requirements. The plan will also include a <br />human resources management strategy. <br />H. Assets Distribution — The JOAAC shall meet as necessary to consider a recommended <br />distribution of assets agreement. The JOAAC recommendation shall include, at a <br />minimum, the following: <br />1. Inventory analysis —The JOAAC shall inventory all assets which are considered <br />to be necessary to include in a joint operating agreement. The inventory shall <br />include a full description of the asset including its type, size (if necessary), <br />location(s), current owner, age, expected life/replacement, annual maintenance <br />costs, replacement cost and current appraised value. <br />2. Asset assignment —Develop a matrix to make recommendations for what assets <br />will be owned/controlled by which entity. Include a narrative as to how any asset <br />transfer (if any) will take place and how compensation will be provided if <br />necessary. <br />3. Future asset acquisition — Draft a policy for how future asset acquisition <br />decisions will be made. <br />4. Dissolution distribution — Draft a policy for asset distribution upon dissolution <br />of the joint operating agreement. <br />I. Financial Strategy Recommendation — The JOAAC shall meet as necessary to develop <br />a comprehensive financial strategy for operating Bowers Field Airport under a joint <br />operating agreement. The recommendation shall include policies and procedures for <br />budget development, approval, and amendment. It shall also include policies and <br />procedures for approving and implementing fee schedules, lease rates, and other revenue <br />strategies. The financial strategy development shall be based on the following principles: <br />1. Enterprise fund —The Bowers Field Airport facility will operate as an enterprise <br />fund. All revenue generated by the lands and operations ofthe facility will <br />remain with the facility. <br />2. Industrial park generated revenue —All revenue generated by the industrial <br />park lands of the airport in excess of the costs of maintenance and operations of <br />those lands and associated marketing costs, will be utilized in maintaining and <br />enhancing aviation operations at Bowers Field Airport. <br />3. Sustainability —'The agreed-upon financial plan will include strategies that <br />generate revenue from the airport and industrial park operations, when combined <br />with existing grants and any other revenue -generating opportunities not related to <br />