55C - RESO OC HOUSING FINANCE JOINT POWERS

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Section E: Voting on Amending OCHFT's Bylaws, Principles, or Procedures Amendments to OCHFT's Bylaws, Principles or Procedures shall be considered at a regular meeting, and shall comply with the Ralph M. Brown Act. An amendment to these Bylaws is deemed approved following a majority vote of the Board of Directors. Section F: Minutes The Clerk of the Board shall take minutes for OCHFT. A previous meeting's minutes shall be considered and approved at a subsequent meeting by a majority vote of the Board of Directors. Section G: Meeting Procedure The conduct of meetings shall be governed by Robert's Rules of O`rder,(most recent published edition) where the question at issue is not determined by these Bylaws. Section H: Location of Meetings % The Board must meet in publicly -accessible places typical for hosting publicmeetings, such as Council Chambers, city community rooms, or County board or conference rooms. ARTICLE VI — Financial Review and Oversight Section A: Annual Financial Report ' The Board shall ensure that an Annual Financial Report is prepared,, reviewed, adopted and made public annually, to ensure transparency and demonstrate actions that have furthered the purposes of OCHFT. As a part of the development of the Annual Financial Report, the Board shall engage an independent auditor to complete an,independent'financial audit of OCHFT's operations. The audit must be provided to the public, and the iauditor must report all findings to the Boardin-a public meeting. .4 Section B: Budget,_ The Annual Budget of OCHFT shall be reviewed and approved by the Board of Directors in May or June of each year, in advance of the start of OCHFT's next Fiscal Year. 4 Section Ci OCHFT Fiscal Year , The fiscal year.,of OCHFT shall be.from July 1So;June 30 of each year. ARTICLE VII — OCHFT Board Code of Conduct This OCHFT Board Code of Conduct represents OCHFT's commitment to high standards of ethics, public service, collegiality, and transparency. The following standards should be regarded as minimum expectations for conduct. OCHFT Board Members will act in accordance with and maintain the highest standards of professional integrity, impartiality, diligence, creativity and productivity. OCHFT will act in accordance with federal, state, and local laws and regulations. Section A: Compliance with Policies Members of the Board of Directors and Advisory Board will conduct the OCHFT business in accordance with the Agreement and the bylaws of OCHFT, including conflict of interest policies. Section B: Conflicts of Interest The Board of Directors may not have a conflict of interest as determined by the California Political Reform Act (the "Act"), inclusive of the Levine Act, California Government Code section 81000, et. seq., 55C-32