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(3) Auditor. The Auditor shall draw warrants to pay <br />demands against the Authority when approved by the <br />Treasurer. Pursuant to Government Code Section 6505.6, the <br />Auditor shall be the Auditor of the Member from which the <br />Treasurer is appointed by the Board under (2) above, or, <br />pursuant to Government Code Section 6505.6, the Board may <br /> <br />appoint one of its officers or employees to the position of <br />Auditor, who shall comply with the requirements set forth <br />for such office in the Joint Powers Law. Should the Joint <br />Powers Law be amended to permit the selection of the <br />Auditor from another class of persons, the Auditor may be <br />selected from such class. <br /> <br /> (b) Other Staff. The Board, Executive Committee or <br />General Manager/Secretary shall provide for the appointment of <br />such other staff as may be necessary for the administration of <br />the Authority. <br /> <br /> (c) Compensation. The General Manager/Secretary, the <br />Treasurer, the Auditor and any other members of the staff or <br />employees of the Authority shall be compensated in such manner <br />as shall be approved by the Board as permitted by applicable <br />law, <br /> <br />ARTICLE 13 <br /> <br />ACCOUNTS AND RECORDS <br /> <br /> (a) Annual Budqet. The Authority shall annually adopt an <br />operating budget pursuant to Article 7 of this Agreement. <br /> <br /> (b) Funds and Accounts. The Auditor of the Authority <br />shall establish and maintain such funds and accounts as may be <br />required by good accounting practices and by the Board. Books <br />and records of the Authority in the hands of the Auditor shall <br />be open to inspection at all reasonable times by authorized <br />representatives of the Members. <br /> <br /> The Authority shall adhere to the standard of strict <br />accountability for funds set forth in the Joint Powers Law. <br /> <br /> (c) Auditor's Report. The Auditor, within one hundred and <br />twenty (120) days after the close of each Fiscal Year, shall <br />give a complete written report of all financial activities for <br />such Fiscal Year to the Board and to each Member. <br /> <br /> (d) Annual Audit. If then required by the Joint Powers <br />Law, the Authority shall either make or contract with a <br />certified public accountant to make an annual Fiscal year audit <br /> <br /> <br />