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DRAFT <br /> 11-7-24 <br /> make and file a report to its Members at least once each year including the <br /> following information: <br /> (i) The approved budget; <br /> (ii) Reporting of revenues; <br /> (iii) Reporting of expenditures; <br /> (iv) Financial audit report or section that includes a balance sheet, a <br /> classification of revenues and expenditures, an analysis of changes in <br /> final balances, and any additional statements considered necessary for <br /> full financial disclosure; and <br /> (v) The status of all Commission projects and work within the <br /> Watershed. <br /> Copies of said report shall be transmitted to the Clerk of each Member. <br /> (21) Its books, reports, and records shall be available for and open to inspection <br /> by the Members at all reasonable times. <br /> (22) It may recommend changes in this Agreement to the Members. <br /> (23) It may exercise all other powers necessary and incidental to the <br /> implementation of the purposes and powers set forth herein and as <br /> outlined and authorized by the Act. <br /> (24) It shall cooperate with the applicable state agencies in complying with the <br /> requirements of Minn. Stat., chap. 103G. <br /> (25) Each Member reserves the right to conduct separate or concurrent studies <br /> on any matter under study by the Commission. <br /> (26) It shall establish a procedure for establishing citizen or technical advisory <br /> committees and to provide other means for public participation. <br /> (27) Where the Board is authorized or requested to review and make <br /> recommendations on any matter,the Board shall act on such matter within <br /> 60 days of receipt of the matter referred. Failure of the Board to act within <br /> 60 days shall constitute approval of the matter referred, unless the Board <br /> requests and receives from the referring unit of government an extension <br /> of time to act on the matter referred. Where the Board makes <br /> recommendation of any matter to a Member, the Council of a Member not <br /> acting in accordance with such recommendation shall submit a written <br /> statement of its reasons for doing otherwise to the Board within 10 days of <br /> its decision to act contrary to the Board's recommendation. The Board <br /> shall review the written statement and if determined insufficient by the <br /> Board, request written clarification within an additional 10 days. <br /> 10 <br />