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Section 3 . The financial contributions of the Members in <br /> support of the Commission shall be in direct proportion to the <br /> percent of annual revenues of each Member to the total revenues <br /> of the System for the prior year multiplied by the Commission's <br /> annual budget. The annual budget shall establish the contribu- <br /> tion of each Member for the ensuing year and a timetable for the <br /> payment of said contribution. The remainder of any franchise fee <br /> paid to the Member by Grantee shall be used for cable-related <br /> expenses. <br /> Section 4. A proposed budget for the ensuring calendar year <br /> shall be formulated by the Commission and submitted to the <br /> Members on or before August 1. Such budget shall be deemed <br /> approved by a Member unless, prior to October 15, preceding the <br /> effective date of the proposed budget, the Member gives notice in <br /> writing to the Commission that it is withdrawing from the <br /> Commission. Final action adopting a budget for the ensuing <br /> calendar year shall be taken by the Commission-- on - or before <br /> November 1 of each year. <br /> Section 5. Any Member may inspect and copy the Commission <br /> books and records at any and all reasonable times. All books and <br /> records shall be kept in accordance with normal and accepted <br /> accounting procedures and principles used by Minnesota Statutory <br /> Cities. <br /> XI. DURATION <br /> Section 1. The Commission shall continue for an indefinite <br /> term unless the number of Members shall become less than five. <br /> • 10 <br />