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F. A report of the unpaid balance on Agency's loans owed City shall be prepared on an annual <br />basis, and submitted to the City Council. Agency's obligation for repayment shall be <br />subordinate to any Agency bonded indebtedness approved by the City Council and <br />Agency. <br />G. Except as may otherwise provided in any bond indenture, all funds of Agency, and the <br />investment thereof, from whatever source derived, shall be maintained in the Treasury of <br />City and administered on behalf of Agency by the Director of Finance of City, as directed <br />by Agency and approved by the Executive Director. Said funds shall be maintained in <br />separate accounts unrelated to the accounts of City. <br />H. Agency shall secure an annual independent audit by a certified public accountant of all <br />financial books, accounts, papers and records of Agency. <br />IV. <br />PERSONNEL MATTERS <br />A. Agency shall have access to services and facilities of the Planning Department, the City <br />Engineer, and other departments and offices of City, pursuant to Health and Safety Code <br />Section 33126(a). <br />B. City shall provide Agency with personnel services comparable to those being provided <br />department's City. Such services shall include position classification, wages and salary <br />administration, recruitment, selection and examination, labor relations, worker's <br />compensation, grievance, affirmative action and equal employment opportunity programs, <br />employee counseling, performance evaluation, fringe benefit administration (including, but <br />not limited to, medical and life insurance, retirement system, vacation and sick leave <br />provisions), certification of payroll attendance records, training, personnel records, <br />management, and personnel board activities. These services shall be focused on the <br />particular character of a redevelopment organization. <br />C. The Agency follows the City's Personnel Policy, rules and regulations, including <br />procedures affecting conflict of interest, use of funds and procedures on hiring and firing <br />(Health and Safety Code Sections 33126 and 33128). <br />V. <br />INSURANCE <br />City agrees to name Agency, its officers and employees as additional insured on <br />City's municipal liability excess coverage insurance, property insurance, and on City's other <br />policies as needed. Agency shall reimburse City for the additional cost, if any, of naming Agency <br />as additional insured on such policy or polices.