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<br />13 <br />notice to the included PERMITTEES and hold discussions with respect to <br />responding to the directive and funding the immediate response. Such <br />budget amendments shall be subject to the Majority Approval referenced in <br />Section III.A.1.d. <br />5. If at any time during a budget year costs exceed the sum of the deposits <br />for any approved budget, and prior Majority Approval for such exceedance <br />has been obtained, the COUNTY shall submit invoices to the involved <br />PERMITTEES to recover the deficit. The share for each PERMITTEE shall <br />be prorated according to the formula that was initially used to <br />apportion budget costs. Each CITY shall pay the invoice within 45 <br />calendar days of the billing date. <br />6. If at any time costs exceed the sum of the deposits for any approved <br />budget, the COUNTY may propose a budget increase and request payment by <br />the PERMITTEES, and PERMITTEES shall pay such amount, provided the <br />budget increase is approved in accordance with sections III.A.1.c-d or <br />III.A.2.c of this Agreement, as may be applicable. Until such approval <br />is obtained and sufficient deposits received, the COUNTY may, at its <br />sole discretion, cease carrying out approved budget components so as to <br />limit or not incur costs in excess of deposits. Nothing in this <br />AGREEMENT shall be construed as requiring PERMITTEES to approve budget <br />increases. <br />7. The COUNTY shall prepare a budget year-end accounting within 120 <br />calendar days of the end of the budget year and present the same to the <br />involved PERMITTEES for review. If the budget year-end accounting <br />results in the sum of the deposits exceeding costs (net of interest <br />earnings), the excess deposits shall carry forward to reduce the <br />obligation of the PERMITTEES for the following budget year and prorated <br />to the CITIES consistent with the cost-sharing population and area data