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Section 7. Subject to the provisions of the adopted budget, upon authorization <br /> by the Board the Executive Committee may appoint, fix the conditions of employment, <br /> and remove any employee of the SPRS, and upon authorization by the Board it may <br /> negotiate and enter into contracts with consultants and contractors to the SPRS. The <br /> Executive Committee shall direct and supervise the activities of all employees of the <br /> SPRS and of all consultants and contractors to the SPRS. <br /> Section 8. The Executive Committee shall not take any action which is not <br /> authorized by this agreement or which is not delegated to it by the Board. <br /> IX. Financial Matters. <br /> Section 1. The fiscal year for the SPRS shall be the calendar year. <br /> Section 2. An annual budget for the SPRS shall be adopted by the Board at its <br /> regular meeting held during the month of August each year. Copies of the adopted <br /> budget shall be mailed promptly thereafter to the chief administrative officer of each <br /> member municipality. This budget shall be deemed approved by each member <br /> municipality unless, prior to November 15th of that year, a member gives written <br /> notice to the Board that it is withdrawing from the SPRS for the following year. <br /> Section 3. The Board shall have the authority to establish a method for <br /> sharing operating costs of the SPRS in excess of any federal, state or other outside <br /> assistance received. Billings from the SPRS to member municipalities shall be due <br /> when rendered. Any member whose bill has not been paid within forty-five (45) days <br /> after a billing shall be in default, and that member's voting privileges shall be suspended <br /> as provided in Section IV-8 hereof. In the event of a dispute regarding an amount which <br /> is due and payable, a member nevertheless shall make the payment in order to preserve <br /> its membership status, but such payment may be made under protest and without <br /> prejudice to dispute the bill and to exercise any remedies available to it. <br /> X. Administrator. <br /> • Section 1. An administrator of the SPRS may be appointed by the Board or by <br /> 8 <br />