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The System Council will elect, one of its members President in <br />the first regular meeting of the operating (fiscal) year. The <br />president's term shall be one year, and he shall preside ~t all <br />Council meetings until his successor is elected in the first <br />meeting in July of the following year. <br /> <br />The President may also appoint committees who will study and <br />report to the System Council on specific programs. <br /> <br />V -AMENDmeNTS' <br /> <br />~mendments and additions to these rules may be proposed at any, <br />regular or special meeting. Such amendments will be published <br />in the minutes, voted on at the following meeting, and submitted <br />to the governing board of each agency for ratification, pursuant <br />to the Joint Powers Agreement. <br /> <br />VI - BUDGET A~D ACCOUNTIN~ <br /> <br />The System Budget for the use of System funds is to be drawn up <br />and adopted by the System Council prior to requesting annual <br />grants from the State; to be reviewed and modified, if necessary, <br />after exact amount available is made known by th~ State. <br /> <br />The fiscal operating year shall be from July 1 through June 30. <br /> <br />The' Orange County Treasury will be designated the Depository for <br />· the System funds, and the County Treasurer as Treasurer for the <br />System· <br /> <br />The Orange County Auditor-Controller will be designated the <br />Auditor for the System and will establish a fund and maintain <br />a~propriate records for the System. <br /> <br />Internal accounting procedures will be adopted after consultation <br />with the designated auditor, and will be designed to insure com- <br />patibility with established accounting practices in use by him. <br /> <br />All bills will be approved by a majority vote of the System <br />Council and certified by the Council President and Fiscal Officer <br />before they are submitted to the County Auditor for payment. <br /> <br />As Fiscal Agent, the Orang~ County Publ%c Library will perform <br />the following services= <br /> <br /> <br />