Orange County NC Website
15 <br />generate sufficient resources through the System to carry out the <br />requirements of the Solid Waste Management Plan and Policies. The <br />Parties agree that the County is ultimately responsible for balancing <br />the available resources and the demands on the System, and that the <br />County must therefore have sufficient authority to adjust either the <br />resources or the System demands, or both, to achieve the balance. Part <br />1 of this Agreement provides for the County's authority over the Solid <br />waste Management Plan and Policies. This Part 4 provides for the <br />County's authority over the available resources. <br />System will be operated as an enterprise fund. The County will <br />segregate for accounting purposes all the System's accounts, moneys <br />and investments. The County will provide for the System's assets, <br />liabilities and results of operations to be presented in the County's <br />annual audit as a separate enterprise fund, in accordance with <br />generally accepted accounting principles. The County will annually <br />adopt a separate budget for the System in accordance with the County's <br />usual budgetary process. The County will keep accurate records and <br />accounts of all items of costs and of all expenditures relating to the <br />System, and of the System Revenues collected and the application of <br />System Revenues. Such records and accounts will be open to any Party's <br />inspection at any reasonable time upon reasonable notice. <br />System will be operated on a self-supporting basis. The County <br />will establish and maintain a system of rates, fees and charges for <br />the use of, and for the services provided by, the System which is <br />reasonably designed to pay in full all the costs (and only the costs) <br />of carrying out the County's responsibilities under this Agreement and <br />the Solid Waste Management Plan and Policies, including, without <br />limitation, (1) costs of disposing of Solid Waste, (2) costs of <br />collecting, processing and disposing of County Recyclables, (3) to the <br />extent permitted by law, costs of providing public benefits determined <br />to be provided pursuant to Part ~ 6, and (4) costs of solid waste <br />reduction activities. Subject only to the specific limitations set <br />forth in this Agreement, the County may revise any rates, fees and <br />charges at any time and as often as it shall deem appropriate. <br />~ Limitations on Material Financial Chancres. Notwithstanding any <br />other provision of this Agreement, the County shall not put into <br />effect any Material Financial Change unless the County first obtains <br />the consent of all Parties. It will be each Town's obligation to <br />determine whether any change or proposed change to the Solid Waste <br />Management Plan and Policies is a Material Financial Change with <br />respect to such Town within ten Business Days of receiving notice of <br />the change or proposed change, and to notify the County within five <br />additional Business Days if the Town determines that such change or <br />proposed change is a Material Financial Change. The provisions of this <br />paragraph are independent of the further provisions of this Part 4 <br />concerning rates, fees and charges. <br />5 <br />