Agenda - Council - 08/14/1984 - Laserfiche WebLink

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.AR?It"LB ~OX~T ,OPERA?XBG ?he City of Anoka, the City of Champlin and the City of Ramsay agree that annually, prior to the commencement of each calendar year of this contract, they shall mutually approve a budget o! oper&tin9 expenses for the ensuing calendar year as may be recommended by the Joint Powers Fire Board. Each city shall deposit .in advance, quarterly contributions with the Finance Officer of the City of Anoka, who shall maintain a special fund to be known as the 'Joint Operating Fire Fund". Each quarterly contribution to the fund shall be 25% of the annual assessment levied against each governmental unit. Any interest accruing to this fund will be credited to the Joint Operating Fire Fund. All funds shall be disbursed by the City of Anoka Finance officer based upon valid purchase orders, invoices, statements and payrolls submitted to the Finance Officer by the Fire Chief. Any excess in the fund at the end of the year will be carried over into the next years budget, said amount to be deducted from that years budget so as to reduce the annual assessment to each governmental unit. Year-end excess will be credited to the quarterly payment due at the beginning of the second quarter of the calendar year. Credit for year-end fund excess will be computed on the same percentage as that used to determine the assessment for the year in which the fund excess occurred. The Joint Powers Fire Board shall require a monthly accounting of this fund from the City of Anoka Finance Officer and such accounting, in computer print-out form showing a record of receipts and disbursements, shall be forwarded to the Joint Powers Fire Board no later than 25 days following the close of each month. Fees and payments from all fire Contracts and other services rendered shall be deposited into the Joint Operating Fire Fund upon receipt. Fee and payments for fire contracts and other services rendered shall be estimated for the following budget year and that estimated income will be deducted from the annual budget before the annual assessment for each governmental unit is computed. ARTI CI~ ¥ ORIGINAL IIlVigITORY ITEMS Original inventory items are those items, that were the property of the City of Anoka at the time of establishment of the Anoka-Champlin-Ramsey Fire Department. The master fire department inventory will indicate all original inventory items. In the event the item is salvaged, traded or sold; the salvage value, trade-in value or selling price will be credited, in its entirety, to the assessment, of the City of Anoka. AR?ICI~FI .,OWNERSHIP OF JOINT RQUIPMENT The Cities of Anoka, Champlin and Ramsey shall acquire an undivided interest as part owner in any jointly purchased equipment in the proportion that each has actually contributed to the original cost. A master fire department inventory of all joint purchased items will be maintained. The inventory will indicate, as a minimum, the 4