BAY AREA EMPLOYEE RELATIONS - JPA 2003

• • BAERS AGREEMENT 9/12/03 and receives no compensation for these services. Reasonable expenses incurred on the Board's behalf are reimbursable. (b) Vice President. The Board of Directors shall elect a Vice President, to hold office for aone-year term, except as hereinafter provided and until a successor is elected. In the event the Vice President so elected ceases to be a member of the Board of Directors, the resulting vacancy shall be filled at the next regular meeting of the Board of Directors held after such vacancy occurs. In the absence or inability of the President to act, the Vice-President shall act as President. The Vice President serves at the pleasure of the Board, and receives no compensation for service. Reasonable expenses incurred on the Board's behalf are reimbursable. (c) Other. The Board of Directors may create other offices as needed ARTICLE 13-ACCOUNTS AND RECORDS (a) Annual Budget. The Board of Directors of BAERS shall adopt an annual operating budget pursuant to Article 7 of this Agreement. (b) Funds and Accounts. The County shall establish and maintain such funds and accounts as may be required by good accounting practice and as recommended by the Management Committee. Books and records of BAERS shall be open to inspection, with reasonable notice, by representatives from Member agencies. (c) County's Fiscal Report. The County, within one hundred and twenty (120) days after the close of each fiscal year, shall give a complete written report of all financial activities for such fiscal year to the Board of Directors and each Member. (d) Annual Audit. The County shall provide for an annual audit of the accounts and records of BAERS. The audit shall meet the minimum requirements prescribed by the State Controller for special districts by the California Government Code. ARTICLE 14-RESPONSIBILITY FOR MONIES (a) The County shall have the custody of and disburse BAERS funds according to the policies and directions of the Board of Directors.