Orange County NC Website
Browse       Search
4 <br />3. Responsibilities of the Counties -Continued <br />B, Insure that all Library employees are heated as employees ofthe <br />respective Counties and receive compensation and benefits packages <br />accordingly, <br />C. Prepare quarterly reports for the Regional System to include information <br />pertinent to library operations and expenditure of regionally appropriated <br />funds and make all library records available for inspection by the Regional <br />System or its respective at all reasonable times. <br />D. Insure that disbursements made on behalf of the libraries from State, <br />Federal and other respective sources are in accordance with all required <br />provisions, <br />4. Responsibilities of the Fiscal Agent and Financial Officer -The Fiscal <br />Agent and Financial Officer for the Regional System will be the Finance <br />Director of Orange County and it shall be his or her duty to: <br />A. Provide accountability for the Regional System's financial assets in <br />accordance will generally accepted accounting principles and the Local <br />Government Budget and Fiscal Contr°ol Act, <br />B. Receive, deposit, disburse and invest the Regional System's fiznds in <br />accordance with the guidelines contained in section 4-A above. <br />C, Prepare monthly financial statements for° the Regional System and <br />present these statements to the Regional Director. <br />D. Insure that Regional System fiulds are audited annually as required <br />within the guidelines contained in Section 4-A above, <br />E. Insure that all fiscal reports requir°ed by grantor agencies ar°e prepared <br />and submitted on a timely basis, <br />