Resolution 2018-153 - Laserfiche WebLink

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requirements of Code Section 704 (b) and the Regulations promulgated thereunder. If in the opinion of the ASO's legal counsel or auditors the manner in which Capilzl Accounts are to be maintainedpursuant to the preceding provisions of this Section 8.3 should be modified in order to comply with Code Section 704 (b) and the Regulations thereunder, then notwithstanding anything to the contrary contained in the preceding provisions of this Section 8.3, the method in which Capital Accounts are maintained shall be so modified; provided, however, that any change in the manner of maintaining Capital Accounts shall not materially alter the economic agreement between or among the County Authorities. ARTICLE 9 -- ACCOLnITING, BOOKS, AND RECORDS 9.1 Accounting Methods. The ASO's books and records shall be kept, and its financial statements prepared, under such permissible methods of accounting, consistently applied, as the Executive Committee determines is in the best interest of the ASO and its County Authorities and in full compliance with record-keeping and accounting methods required by Washington law and/or the Washington State Auditor and in compliance with the requirements of any state or federal program providing funding or other support for the ASO's programs and services. 9.2 Budget. The GCBH, LLC Administrator shall prepare, and the Executive Committee shall consider and adopt, an annual budget reflecting proposed revenues and expenditures for the next fiscal year no later than December 1, of each preceding fiscal year. 9.3 Disbursements. Funds received by contract from the HCA shall be disbursed according to the budget as approved. Vouchering and reimbursement procedures shall be developed in accordance with relevant regulations and approved equitable allocation formulas. 9.4 Funds and Audit. Funds provided to the ASO from all sources shall be maintained as a separate fund in the Benton County Treasury or other County Treasury as designated by the ASO's Executive Committee. Such funds shall be designated as the Operating Fund of the ASO per RCW 39.34.030(4Xb) in the Benton County Treasury or other County Treasury as determined by the Executive Committee. These monies shall be subject to the same audit and fiscal controls as other funds held by the designated County Treasury. Interest fr o m t h e investment of ASO funds, as directed by the ASO, shall accrue to the benefit of the ASO, however, the Benton County Treasury shall retain investment income from all funds, including ASO's, invested as surplus funds as part of Benton Count5r's residuary treasury cash balance pursuant to RCW 36.29.020. 9.5 and Return of No County Authority shall be entitled to interest on its Capital Contribution or to return of its Capital Contribution, except as otherwise specifically provided for herein. 9.6 Accounting Period. The ASO's fiscal year shall be July 1 through June 31 9.7 Records. Audits and Reports: Public Records Requests and HIPAA. At the A SO OPERATING AGREEMENT Page 18 of33