Agenda Packets - 2020/12/14 - Laserfiche WebLink

Home Browse Search

Attachment C 493 Board at least thirty (30) days before the annual meeting for the Board's review and ratification; 494 and (c) to present a full report of its activities at each regular meeting of the Board. 495 496 Section 8.8. Preparation and Modification of Charges. The executive committee shall 497 have the responsibility to prepare and modify charges for the use of the programs and facilities of 498 Metro-INET, both as to Members and non-members, subject to Board approval. 499 500 ARTICLE IX 501 FINANCIAL MATTERS 502 503 Section 9.1. Fiscal Year. The fiscal year of Metro-INET shall be the calendar year. 504 505 Section 9.2. Adoption of Annual Budget. The annual budget of Metro-INET must be 506 adopted in the following manner: 507 508 (a) prior to May I the Board will supply each member with a proposed preliminary 509 budget for the coming fiscal year; 510 511 (b) prior to the meeting of the Board in July the Board will supply each Member with 512 a proposed budget adjusted for withdrawal notifications received pursuant to 513 Article XI; 514 515 (c) the annual budget for the coming fiscal year shall be adopted at the July Board 516 meeting. 517 518 Promptly after adoption of the budget, the Board must mail copies of the budget to the 519 chief administrative officer of each Member. Upon adoption of the budget each Member is 520 obligated to Metro-INET for the budgeted revenues and cost sharing charges fixed by the Board 521 for the ensuing fiscal year in accordance with this Article. 522 523 Section 9.3. Cost Sharing Charges. The Board shall have authority to fix cost sharing 524 charges for all Members in an amount sufficient to provide the funds required by the budgets of 525 the organization. The Board shall notify the chief administrative officer of each Member of the 526 amounts of such charges, on or before May I of each year. The Board shall prepare, and may 527 amend, a document setting forth the cost sharing charges and policies for Members and rates for 528 services provided to non-members. Such document(s) and policies shall be made available to 529 Members for review and comment upon request. 530 531 Section 9.4. Invoices to Members. Invoices for all charges shall be sent to the Members 532 by the Fiscal Agent and shall be due when rendered. Any Member whose charges have not been 533 paid within forty-five (45) days after the date of the invoice may be declared in default by the 534 Board or executive committee and shall not be entitled to further voting privileges nor to have its 535 Director hold any office nor to use any Metro-INET facilities or programs until such time as the 536 default is cured and Metro-INET has been paid in full. Additionally, in the event that such charges 537 have not been paid within forty-five (45) days of the date of the invoice, and such default remains 538 uncured after a reasonable time following notice to cure, the membership of such Member may be 0