RES 97091 - Laserfiche WebLink

'1 23.3.1.2 Operating and maintenance costs are ongoing expenditures for 2 repair, replacement and other costs incurred upon completion 3 of construction of facilities so that the facility can continue to 4 perform the function for which it was designed. 5~ 23.3.1.3 Fixed operating costs are a function of the facilities constructed 6 and allocations shall be based on each Member Agency's joint- 7 use PWWF capacity rights and include all operation and 8 maintenance costs except for variable costs. 9 23.3.1.4 Variable operating costs are a function of actual flows 10 discharged to LAVWMA and include costs of chemicals and 11 power. Variable costs shall be allocated to each Member 12 Agency based on estimated flows. 13 23.3.2 At the end of each fiscal year and after approval of an audit, cash 14 advances based on estimates of the preceding year shall be reconciled 15 with actual costs and actual flows. Surpluses shall be reimbursed to 16 the Member Agencies by LAVWMA and deficits shah cause an 17 additional cash advance to LAVWMA by the Member Agencylies]. In 18 the event of incomplete or inaccurate records by a Member Agency, 19 the total effluent flow shall be determined by a majority of the 20 Technical Advisory Committee. 21 23.4 The treasurer shall present periodically to LAVWMA a financial report 22 accounting for all monies received and disbursed for the fiscal year. 23 23.5 The treasurer shah be the depository and custodian of all Agency funds. The 24 auditor shah perform the functions and duties set forth in Sections 6505 and 25 6505.5 of the Government Code. Any interest earned by Agency funds 26 (directed by the Board to be deposited in an interest bearing account or 27 securities) shall belong to LAVWMA. 28 23.6 The treasurer is designated as property custodian of LAVWMA. 29 23.7 Every officer or employee of LAVWMA authorized to receive, account for, or 30 to expend any funds shall each file a bond in an amount to be determined by 31 the Board. This requirement may be met by one or more blanket bonds or by 32 insurance provided in accordance with paragraph 10.3. The cost of said bond 33 or insurance shall be paid by LAVWMA. 34 23.8 Accounting Procedures. Full books and accounts shall be maintained for 35 LAVWMA in accordance with practices established by, or consistent with, 36 those utilized by the Controller of the State of California for like public 37 entities under Section 26909 of the Government Code. In particular, 38 LAVWMA's auditor and treasurer shall comply strictly with the 39 requirements of the statute governing joint powers agencies, Government 40 Code Sections 6500 et seq. LAVWMA/JPA/Board6/Clean -14- July 7, 1997