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Board of Control all receipts and disbursements. In <br />addition, the Auditor of the County of Alameda wil~ either <br />make or contract for an audit of the accounts and records at <br />least annually as prescribed by section 6505 of the <br />Government Code. In each case the minimum re~uirements of <br />the audit shall be those prescribed by the State Controller <br />for special districts under section 26909 of the Government <br />Code and the audit shall conform to generally accepted <br />auditing standards. <br /> <br /> 12. DXSPOSITION OF AUTHORITY FUNDS UPON TERMINATION. <br /> <br /> a. In the event of termination of the Authority <br /> <br />where there ks a successor public entity which will carry on <br />the activities of the Authority and assume its obligations, <br />Authority funds, including any interest earned on deposits, <br />remaining upon termination of the Authority and after <br />payment of all obligations shall be transferred to the <br />successor public entity. <br /> <br /> b. If there ks no successor public entity which <br />would carryon any of the activities of the Authority or <br />assume any of its obligations, Authority funds, ~ncluding <br />any interest earned on deposits, remaining upon termination <br />of the Authority and after payment of all obligations, shall <br />be returned in proportion to the contribution of each Agency <br />during the term of this Agreement. <br /> <br />13. <br /> <br /> <br />