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DocuSign Envelope ID:A2732827-56B4-4234-ADOE-19D79200A9CE <br /> 3 <br /> a. The County will transfer all Orange County Extension Master Gardeners"^ <br /> funds from County Fund 81-240708 to the Association. The funds to be <br /> transferred are not commingled with any Orange County funds, have been <br /> raised and collected exclusively by the Association, and total <br /> approximately twenty-six thousand dollars ($26,000). The County is not <br /> obligated to transfer any funds other than Association funds. <br /> b. To ensure funds are spent appropriately in furtherance of the shared <br /> mission of the Orange County Extension Master Gardener' program and <br /> the Association, the Association will store these funds separate from other <br /> funds belonging to the Association in order to accurately track use of these <br /> funds transferred to the Association by the County. <br /> i. Funds may be expended on the following priorities: <br /> 1. Supplies for meetings, educational programs, and field study <br /> trips hosted by the Association. <br /> 2. Purchasing equipment, stock plants, and other supplies to <br /> support Association plant sales and fundraisers. <br /> 3. Supplies supporting installations and maintenance at <br /> demonstration gardens maintained by the Association <br /> including, but not limited to, the Davis Center Demonstration <br /> Gardens and the Tarleton & Bonnie B Davis Memorial 4-H <br /> Youth Garden. <br /> 4. Covering costs associated with maintenance of the 501(c)(3) <br /> non-profit status such as filing taxes and other required <br /> forms from the Internal Revenue Service. <br /> ii. Funds may not be used to pay any personal expenses of <br /> Association members or officers. <br /> iii. To the extent possible funds shall be expended according to the <br /> Association budgets as described in Exhibit 1, attached hereto. <br /> c. Until all county-transferred funds are exhausted, the non-profit will be <br /> required to undergo a biannual audit of funds. <br /> i. Audit will be completed internally by Orange County Cooperative <br /> Extension. The County Extension Director, Administrative <br /> Assistant, and one other Cooperative Extension staff member <br /> appointed by the County Extension Director will serve as the audit <br /> team. <br /> ii. Association agrees to allow the County to inspect its financial books <br /> and records upon reasonable notice during normal working hours. <br /> iii. Should irregularities be found in the audit by the audit team, the <br /> County Extension Director will consult with the County Finance <br /> Officer regarding additional audits and improvements for fund <br /> management. <br /> iv. Should the County deem that funds are not being managed <br /> properly and being used to further the shared mission of the <br /> Orange County Extension Master Gardeners"" program and the <br />