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accordance with the terms of the gift, grant, loan or agreement relating thereto. <br /> Subdivision 19. It may make contracts, Incur expenses and make expenditures necessary <br /> incidental he effectuation of these purposes and powers and may disburse therefor in the <br /> and inc dental to P rp <br /> manner hereinafter provided; <br /> Subdivision 20. It shall cause to be made an annual audit by a certified public accountant <br /> or the state auditor of the books and accounts of the commission and shall make and file a report to <br /> its members at least once each year including the following information; <br /> a, the approved budget; <br /> b. a reporting of revenues, <br /> c. a reporting of expenditures; <br /> d, a financial audit report or section that includes a balance sheet, a classification of <br /> revenues and expenditures, an analysis of changes in final balances, and any <br /> additional statements considered necessary for full financial disclosure; and <br /> e. the status of all come fission projects and work within the watershed; <br /> CoP ies of said report shall be transmitted to the clerk of each member governmental unit. <br /> Subdivision21 Its books reports and records shall be available for and open to <br /> , <br /> P <br /> inspection by its members at all reasonable times. <br /> Subdivision 22. It may recommend changes in this agreement to its members. <br /> y g <br /> 23. It may exercise all other powers necessary and incidental to the <br /> Subdivision y P �Y <br /> implementation of the purposes and powers set forth herein and as outlined and authorized by <br /> P PAP <br /> Minnesota Statutes, Sections 103B.201 through 103B.251. <br /> Subdivision 24. It shall cooperate with the State of Minnesota, the Commissioner of <br /> Natural resources and the Director of the Division of Waters, Soils and Minerals of the <br /> Department of Natural Resources in complying with the requirements of Chapter 103C of the <br /> Minnesota Statutes, <br /> Subdivision 25. Each member reserves the right to conduct separate or concurrent studies <br /> on any matter under study by the Commission. <br /> Subdivision 26. It shall establish a procedure for establishing citizen or technical advisory <br /> committees and to provide other means of public participation. ` <br /> Subdivision 27. Where the Commission is authorized or requested to review and make <br /> recommendations on any matter,the Commission shall act on such matter within sixty (60) days of <br /> receipt of the matter referred. failure of the Commission to act within sixty (60) days shall <br /> constitute approval of the matter referred, unless the Commission requests and receives from the <br /> referring unit of government an extension of time to act on the matter referred. Where the <br /> i es recommendation of an matter to a , the governing body of a party not <br /> Commission makes y PAY <br /> acting in accordance with such recommendation shall s abmit a written statement of its reasons for <br /> doing otherwise to the Commission within ten (10) days of its decision to act contrary to the <br /> Commission's recommendation. The Commission shall review the written statement and if <br /> 8 Page A-8 <br />