ORANGE, COUNTY OF (20) - 2002 - Laserfiche WebLink

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Agreement D02-048 1 COUNTY shall invoice each city for its prorated share of the excess cost. 2 Each city shall pay the billing within 45 days of the date of the invoice. 3 If the fiscal year end accounting results in the sum of the deposits 4 exceeding costs (net of interest earnings), the excess deposits will carry 5 forward to reduce the billings for the following year. 6 7 The COUNTY shall invoice each city for its annual deposit at the beginning 8 (July 1) of each fiscal year. Each city shall pay the deposit within 45 9 days of the date of the invoice. Each city's deposit shall be based on 10 their prorated share of the approved annual ~udget, reduced for any 11 surplus identified in the prior fiscal year end accounting. 12 13 Interest earned on the CITIES' deposits will not be paid to the CITIES, 14 but will be credited against the CITIES' share of the program costs. 15 16 Upon termination of the program a final accounting shall be performed by 17 the COUNTY. If costs (net of interest earnings) exceed the sum of the 18 deposits, the COUNTY shall invoice each city for its prorated share of the 19 excess. Each city shall pay the invoice within 45 days of the date of the 20 invoice. If the sum of the deposits exceeds the costs, the COUNTY shall 21 reimburse to each city its prorated share of the excess, within 45 days of 22 the final accounting. Interest earnings are used to offset the CITIES' 23 share of program costs and will not be refunded to the CITIES. 24 25 Each city and the COUNTY shall bear the financial responsibility for 26 implementing the Program, within its jurisdictional ~ound.rie8, as outlined in Section III. C. and D. 10 ~3'.()2 FNJ