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26 <br /> accordance with the Annual Work Program Development Calendar or agreed upon schedule to <br /> meet the needs for the Multi-year plan adoption.The schedule shall allow each agency <br /> adequate time to review documentation, identify concerns and coordinate issues. Included in <br /> the schedule shall be a procedure for the SWG to plan for and schedule elements of public <br /> outreach and involvement. <br /> 8.03 Upon recommendation from the SWG, the Orange Transit Multi-year Vision Plan shall go before <br /> each governing board (Orange County Board of Commissioners, DCHC MPO Board and <br /> GoTriangle Board of Trustees)for review and the opportunity to take the following actions: <br /> a. Approve the Orange Transit Multi-year Vision Plan as recommended; <br /> b. Deny,while providing a list of minor issues, technical corrections or a specific listing of <br /> Significant Concerns with the Orange Transit Multi-year Vision Plan. <br /> 8.04 If any of the three governing boards denies the Multi-Year Vision Plan and creates a detailed <br /> listing of minor issues,technical corrections, or Significant Concerns for the recommended <br /> Orange Transit Multi-Year Vision Plan, SWG staff members who represent the dissenting board <br /> shall communicate the issues to other staff representatives of the other governing board(s) and <br /> coordinate with other SWG members to revise the plan and then submit for an additional <br /> review and approval by all three governing boards. <br /> Article IX <br /> Process for Capital, Non-Capital, Infrastructure, and Service Delivery Projects Reporting <br /> 9.01 The Tax District shall be reported as a Component Unit and shall include the Orange Transit <br /> major operating and capital funds separate from any and all major funds and/or other special <br /> tax districts within the Tax District, in the body of annually audited financial statements as <br /> required by GASB standards for major funds reported by blended component units. As <br /> administrator of the Tax District, GoTriangle shall present an annually audited financial <br /> statement for the separate component unit by December 15th of the subsequent fiscal year to <br /> the Orange County Board of Commissioners, DCHC MPO Board, and GoTriangle Board of <br /> Trustees. <br /> 9.02 At the time of the presentation of the annually audited financial statements, GoTriangle shall <br /> present an update of the Orange County Transit Annual Work Program projects including <br /> project milestones and timelines and operations of the system.This presentation shall be <br /> considered an Annual Orange Transit Report. <br /> 9.03 GoTriangle, as administrator of the Tax District, shall issue the following to the parties of this <br /> agreement, as well as any associated project sponsors: <br /> a. Enhanced Quarter-2 Report for half-year period ending December 31St.to the SWG for <br /> the Orange Transit major operating and capital funds.This Report will be due to the <br /> SWG Administrator by March 15th. The format of this report shall be agreed upon by <br /> the Parties to this Agreement by June 30, 2023. <br /> b. Quarterly Financial Condition Report.This report will be due 45 days after the end of <br /> each quarter which provides statement of financial condition of all program/plan <br />