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7.1.A. - Page 33 <br /> Article VI — BUDGET and COST - SHARING <br /> In consideration of the mutual promises herein contained it is hereby agreed that the cost of <br /> maintaining the Area Emergency Services Organization will be shared as described below. <br /> a) From the total amount of the annual budget there shall be deducted estimated revenue <br /> from federal "matching funds ", state grants, and other service revenues. <br /> b) The balance of the annual budget remaining after anticipated revenues have been <br /> deducted shall be paid as follows: <br /> 1. The county shall pay 50% of the remaining balance. <br /> 2. The cities shall pay the remaining 50% of the balance, apportioned in accordance <br /> with the following formula: <br /> i. One half of said 50% to be apportioned by people units or population. <br /> a) Total population of all member cities divided into one -half of the <br /> total of the cities share of the budget equals a factor in cents. <br /> b) Population of each member city times the factor in cents equals the <br /> share for each city. <br /> ii. The remaining one -half of said 50% to be apportioned on the basis of <br /> assessed valuation as follows: <br /> a) Total assessed value of real and personal property in all member <br /> cities divided into one -half of the total of the cities share of the <br /> budget equals a factor in mils <br /> b) Assessed value of real and personal property of each member city <br /> times the factor in mils equals the share for each city <br /> c) For the purpose of this agreement the total assessed valuation of real and personal <br /> property in all contracting cities shall be the most recent such total maintained by the <br /> offices of the County Assessor. <br /> d) The figures used for population in each city shall be determined by a method and from a <br /> source that is mutually acceptable to the majority of members. <br /> e) It is understood and agreed that the financial obligations incurred by the county and the <br /> member cities under the provisions of this agreement will be incurred annually, subject to <br /> the limitation that the county and cities are financially able to make funds available. <br /> f) If the members representing 25% or more of the county's population do not approve the <br /> budget in any fiscal year, the proposed budget will be referred back to the Area <br /> Emergency Services Coordinator and the Administrative Committee for revision and <br /> recommendation. If no resolution can be reached by the committee, the members may <br /> proceed to adopt budgets that provide those services they deem necessary for adequate <br /> emergency services protection as a whole, but any member shall be financially <br /> responsible for that portion of the budget unilaterally adopted. Any member which does <br /> not meet its financial commitment under an adopted budget will lose its voting status and <br /> such other privileges of membership as the Council shall determine. <br /> Article VII - INSURANCE <br /> a) The County shall add the Emergency Services Organization to its existing excess liability <br /> insurance coverage and shall maintain such coverage in full force and effect during the <br /> life of the agreement. Unless the Area Emergency Services Council decides otherwise, <br /> County shall provide for the defense of any claims or litigation within the $250,000 self - <br /> insured retention. Legal representation by the County will ordinarily be provided by the <br /> County Counsel. <br /> b) Any out of pocket expense or loss, by way of judgment or settlement, arising out of the <br /> operation of this Agreement, within the limits of the County's $250,000 self- insured <br /> retention shall be shared by the parties in accordance with the formula as described in <br /> Article VI (b). <br /> Article VIII- EFFECTIVENESS <br /> SMAOES December 2013 Page 11 <br />