Agenda - Council - 07/08/1980 - Laserfiche WebLink

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shall be paid on a quarterly basis upon presentation of an invoice. 2. Service for Expenditure and Receipt Financial System on the Followinq Terms: A. Schedule: Ramsey furnish to Anoka all of the infor- mation necessary to enable Anoka to perform its obliga- tions pursuant to this agreement. All information shall be submitted to Anoka no later than the 19th of the month for the preparation of the preceding month's reports. Anoka shall process all data and have computer runs available to Ramsey for pick up no later than the 25th of the month. B. Systems and ReDorts: Anoka shall f6rnish Ramsey the systems and generated reports listed below. Bill Lists Accounts Payable Check Writing Accounts Payable Check Register Vendor Master Report Revenue Source Detail Listing Monthly Revenue Report Expenditure Source Detail Listing Monthly Expenditure Report Journal Entry Source Listing Monthly General Ledger Report Such other systems and reports as determined by the parties from time'to time. C. Supplies: The costs of all tab cards and stock paper required to perform the services outline in this agree- ment are included in Section 2.D. D. Cost of Service: Ramsey shall pay such amount as determined by the parties from time to time. Fees shall be paid by Ramsey on a quarterly basis, upon presentation of an invoice. 3. APPROVAL. This agreement shall be effective upon approval by the Ramsey City Council and the Anoka City Commission. 4. TERM. This agreement shall commence on the date hereof and shall continue until terminated or modified by mutual agreement of the parties. The agreement may be terminated unilaterally by either party upon giving 120 day written notice to the other party.