Agenda - 03-22-2012-11a - Laserfiche WebLink

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12 (b) Develop and review funding strategies, grant requests, client use fees, project development/operation costs, and the overall costs and revenues generated by the facility; (c) Review financial performance and prepare budget reports for every Board meeting; (d) Review tax obligations and payments quarterly; (e) Recommend changes in operating costs, funding strategies, and financial plans to the Board as indicated; ( fl Recommend to the Board the appointment of an independent auditor; review the scope of the auditor's work, fees, and report; and assist the Board in developing management's response to the audit; (g) Review the adequacy of financial policies and internal controls annually; (h) By contract, be assisted by the Orange County Financial Services Deparhnent in carrying out its duties for at least three (3) years from the date of the creation of the corporation; (i) Propose the annual budget to the Board for their consideration. Section 8.07 Board Development Committee The Board Development Committee shall: (a) Include the Executive Director as an ex officio member; (b) Develop procedures for receiving andlor selecting nominees for Boazd vacancies. (c) Recommend to the Board a slate of nominees for appointment to the Board upon the expiration of initial appointees' terms; ' (d) Recommend to the Board nominees for vacancies that occur from time to time. Section 8.08Additional Committees and Focus Groups By resolution duly adopted, the Board may establish one or more additional committees or focus groups as provided in Section 8.01. To the extent provided by such resolution not in conflict with the terms herein, such additional committees and focus groups shall have a.nd may exercise the authority of the Board in the management of the Corporation; provided, however, that the designation of such additional committees and focus groups and delegations of authority thereto shall not operate to relieve the Board, or any Director individually, of any responsibility imposed upon it or him by law, the Articles of Incorporation or these By-Laws. Any member of any such additional committee or focus group may be removed by the Board whenever, in the judgment of the Boaxd, the interests of the Corporation would be served best by such removal. Any member of any such additional committee or focus group may be removed by the person or persons authorized to appoint such member whenever, in the judgment of such appointing person or persons, the interests of the Corporation would be served best by such removal. lo