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b) The secretary shall perform such duties as assigned by the Board and shall <br />keep minutes of the Board meetings. <br />c) The Treasurer/Controller shall be bonded in the amount to be determined <br />by the Board and the bond fee shall be paid by the ILJAOC. The <br />Treasurer/Controller shall perform the duties as set forth in this Agreement. <br />3.18 The Board may appoint an Executive Director by contract or otherwise to <br />oversee day-to-day operations of the ILJAOC. The Executive Director shall manage the <br />daily operations of the ILJAOC and supervision of any other ILJAOC employees. <br />3.19 All of the privileges and immunities from liability, exemption from laws, <br />ordinances and rules, all relief, pension, disability, worker's compensation, and other <br />benefits which apply to the activities or omissions of officials, officers, employees, <br />volunteers, or agents of any of the Member Agencies when performing their respective <br />functions for their respective Member Agency shall apply to such person(s) to the same <br />degree and extent while they are assigned to the ILJAOC to perform and are performing <br />any of the functions and other duties of the ILJAOC pursuant to authority granted by this <br />Agreement. None of the officials, officers, agents, volunteers, or employees of a Member <br />Agency appointed to the Board or performing services at the direction of the ILJAOC shall <br />be deemed by reason of their appointment or service to be employed by any of the other <br />Member Agencies or the ILJAOC or be subject to any of the requirements of the other <br />Member Agencies. <br />IV <br />BUDGET AND DISBURSEMENTS <br />4.01 The Board shall adopt a budget for the ensuing fiscal year(s) pursuant to <br />procedures developed by the Board. At the conclusion of each fiscal year, the <br />Treasurer/Controller shall make a report to the Board regarding the excess or deficiency <br />of revenues over (or under) expenditures. Such report shall include "budget to actual" <br />comparisons based upon the previously adopted budget. Upon receipt of the report, the <br />Board shall determine what extent, if any, unexpended budgetary appropriations shall be <br />11 <br />