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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 12C <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 <br /> 13 <br />