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not less than two thirds (2/3) of the members of the Board. <br />The Board shall specify the date and manner in which the <br />funds or services shall be repaid and may provide for the <br />payment of interest on.the loan. <br />VI <br />BUDGETS AND DISBURSEMENTS <br />6.1 Annual Budget. <br />The Board shall adopt upon the approval of not less <br />than two thirds (2/3) of the members of the Board, an annual <br />budget, for the ensuing fiscal year, pursuant to procedures <br />developed by the Board. <br />6.2 Disbursements. <br />The auditor shall draw warrants upon the approval <br />and written order of the Board. The Board shall requisition <br />the payment of funds only upon approval of such claims or <br />disbursements and such requisition for payment in accordance <br />with rules, regulations, policies, procedures and bylaws <br />adopted by the Board. <br />6.3 Accounts. <br />All funds will be placed in object accounts and the <br />receipt, transfer, or disbursement of such funds during the <br />term of this Agreement shall be accounted for in accordance <br />with general accepted accounting principles applicable to <br />governmental entities. There shall be strict accountability <br />of all funds. All revenues and expenditures shall be report- <br />ed to the Board. <br />-19- <br />