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6.4 Expenditures Within Approved Annual Budget. <br />All expenditures within the designations and limi- <br />tations of the approved annual budget shall be made upon the <br />approval of a majority of the members of the Board. Notwith- <br />standing the above, no expenditures shall be made for the <br />purpose of the acquisition of rights -of -way or similar prop- <br />erty interests except upon the approval of not less than two <br />thirds (2/3) of the members of the Board. No expenditures in <br />excess of those budgeted shall be made without the approval <br />of not less than two thirds (2/3) of the members of the Board <br />to a revised or amended budget which may, from time to time, <br />be submitted to the Board. <br />6.5 Audit. <br />The records and accounts of the Agency shall be <br />audited annually by an independent certified public account- <br />ant and copies of such audit report shall be filed with the <br />County Auditor, State Controller and each party to the Agency <br />no later than fifteen (15) days after receipt of said audit <br />by the Board. <br />6.6 Reimbursement of Funds. <br />Grant funds received by the Agency from any fed- <br />eral, state, or local agency to pay for budgeted expenditures <br />for which the Agency has received all or a portion of said <br />funds from the parties hereto shall be paid to said parties <br />in proportion to the contributions made by each party. <br />-20- <br />