BICEP BIG INDEPENDENT CITIES EXCESS POOL 3-2006

Home Browse Search

2.16 Offices. BICEP's principal office for the transaction of business is located at 1100 S. Flower Str 2100, Los Angeles California 90015. The Board may change the location of the princ from time to time. The Board may establish one or more subordinate offices at any place where BICEP is qualified to do business. ARTICLE III FINANCE 3.1 Budget. Prior to the last Board meeting in a Fiscal Year, the General Manager shall submit to the E proposed general budget for the next Fiscal Year. That budget shall include revenu expenses with beginning balances. Revenues are to be broken down by operating reven~ interest income. Expenses are to be broken down by operating exK professional/contractual services plus pool coverage and claim expense. The budge provide information for the three prior Fiscal Years, the budget and projected budget current Fiscal Year, and the proposed budget for the upcoming Fiscal Year. The Boai review and adopt the budget no later than at the last meeting of the Board in each Fiscal Ye 3.2 Delegation. The General Manager shall manage all expenditures, subject to control of the Board General Manager and Treasurer shall have power to transfer funds within the total detailed to meet unanticipated needs or changed situations. Such action shall be reported to the B their next meeting. ARTICLE IV NEW MEMBER REQUIREMENTS 4.1 Conditions to providing Coverage to a New Member. BICEP may provide Coverage to any new Member(s) which is not currently a these Bylaws, subject to the following conditions: 4.1.1 The new Member shall be a public agency as defined in Section 6500 California Government Code. 4.1.2 The public agency shall have afull-time risk management employee, or the unanimous approval of the Board, shall have either: (i) a risk m~ Bylaws OS-31-O6 :, Suite I office places ra a and and shall the shall The rd at under of the to 6