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<br />4.09 In establishing rates for services to public agencies, the Board shall <br />assure that the contracts for such services provide for the reimbursement of the <br />actual expenses of providing all services of the ILJAOC, including insurance <br />coverage for the ILJAOC's personnel and equipment. Payment for the ILJAOC <br />services by contracting public agencies shall be made on a monthly basis, or no <br />less frequently than on a quarterly basis (unless paid in advance) to the <br />Treasurer/Controller of the ILJAOC. The Treasurer/Controller shall provide a <br />written monthly account to the Board of all revenues and expenses of the <br />ILJAOC services to other public agencies. <br /> <br />4.10 The ILJAOC budget shall include the provIsion for a Capital <br />Replacement fund that will provide for, among other things. the replacement of <br />the equipment owned and operated by the ILJAOC. The ILJAOC Board annually <br />shall recommend to the Member Agencies amounts needed for Capital <br />Replacement. The amount of the provision for Capital Replacement in each <br />ILJAOC annual budget will depend on the amounts appropriated by the Member <br />Agencies for such purposes during each fiscal year. Said funds shall be <br />transferred to the ILJAOC monthly by the Member Agencies for deposit in the <br />ILJAOC's Capital Replacement fund. The actual purchase of neW equipment <br />arid disposal of unneeded equipment shall be done whenever determined <br />appropriate and justified by the Board. <br /> <br />4.11 All revenues derived from service contracts with other public <br />agencies shall be maintained in a separate revenue account for the ILJAOC. <br />The Treasurer/Controller shall be responsible for accounting for all such revenue. <br />The Board shall be responsible for determining the appropriate allocation of such <br />funds as part of the budget adoption process. <br /> <br />14 <br /> <br />25J-15 <br />