Common use of Funds and Accounts Clause in Contracts

Funds and Accounts. The Auditor of the Authority shall establish and maintain such funds and accounts as may be required by good accounting practices and by the Board of Directors. Separate accounts shall be established and maintained for each insurance program under development or adopted and implemented by the Authority. Books and records of the Authority in the hands of the Auditor shall be open to inspection at all reasonable times by authorized representatives of members. The Authority shall adhere to the standard of strict accountability for funds set forth in Government Code Section 6505.

Appears in 3 contracts

Samples: Joint Powers Agreement, Joint Powers Agreement, Joint Powers Agreement

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Funds and Accounts. The Auditor Auditor-Treasurer of the Authority shall establish and maintain such funds and accounts as may be required by good accounting practices and by the Board of Directors. Separate accounts shall be established and maintained for each insurance program under development or adopted and implemented by the Authority. Books and records of the Authority in the hands of the Auditor Auditor-Treasurer shall be open to inspection at all reasonable times by authorized representatives of membersthe Parties. The Authority shall adhere to the standard of strict accountability for funds set forth in Government Code Section 6505.

Appears in 1 contract

Samples: Joint Powers Authority Agreement

Funds and Accounts. The Auditor of the Authority shall establish and maintain such funds and accounts as may be required by good accounting practices and by the Board of Directors. Separate accounts shall be established and maintained for each insurance program under development or adopted and implemented by the Authority. Books and records of the Authority in the hands of the Auditor shall be open to inspection at all reasonable times by authorized representatives of members. members The Authority shall adhere to the standard of strict accountability for funds set forth in Government Code Section section 6505.

Appears in 1 contract

Samples: Joint Exercise of Powers Agreement

Funds and Accounts. The Auditor Auditor-Treasurer of the Authority shall establish and maintain such funds and accounts as may be required by good accounting practices and by the Board of Directors. Separate accounts shall be established and maintained for each insurance program project under development or adopted and implemented by the Authority. Books and records of the Authority in the hands of the Auditor Auditor-Treasurer shall be open to inspection at all reasonable times by authorized representatives of membersthe Parties. The Authority shall adhere to the standard of strict accountability for funds set forth in Government Code Section 6505.

Appears in 1 contract

Samples: Joint Exercise of Powers Agreement

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Funds and Accounts. The Auditor of the Authority shall establish and maintain such funds and accounts as may be required by good accounting practices and by the Board of Directors. Separate accounts shall be established and maintained for each insurance program under development or adopted and implemented by the Authority. Books and records of the Authority in the hands of the Auditor shall be open to inspection at all reasonable times by authorized representatives of the members. The Authority shall adhere to the standard of strict accountability for funds set forth in Government Code Section 6505.

Appears in 1 contract

Samples: Joint Powers Agreement

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