Agmt16 Golden State Finance Authority JPA

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shall be distributed to file respective Members in such manlier as shall be determined by dic. Board and irr accordance with the law. 12. Agreement Not Exclusive; Operation in Jurisdiction of Member This Agreement shall riot. be exclusive, and each '1lerli1er expressly reserves its rights to carry out other public capital inlproverrients Auld progr~anis as provided for by law alid to issue other obligatiorls for those purposes. This Agceiilent sliall not be deemed to amend or alter the terms of other agreerrients amorlg the Members or _associate ilenibers. 13. Conflict of Interest Code The Authority shall by resolution adopt a Conflict of Interest Code as required by law. 14. Contnbutions and Advances Coritributions or advances of public fluids and of' personnel, equipinelrt or property may be nradc to tie Authority by auhy ILlenlber, Associate Alenlber or any odrer public agency to farther the purpose of this Agreeniciii. Payinent of public funds may be ruade to defrahy the cost of ally contribution. Any advauce may be rllade subject to repayment, alid ill that case shall be repaid ur the ivauurer agreed upon by the advancing Member, .'Associate NIeniber or otter public agency and the Authority at the tinge of making tie aclvauce. 15. Fiscal Year, Accounts, Reports; Annual Budget; Administrative Expenses a. 'bile fiscal year of the Authority shall be the period Froin January 1 of each year to .mold including [lie following December 31, except fi>r any partial fiscal year resulting Froin a c•liangc ill accounting based ort a diflercut fiscal year previously. b. Prior to the begiriririg of eaclh fiscal year, the Board shall adopt a budget fair the succeeding fiscal year. C. Tlhe Autlhority shall establish and rlrailitaill such fiords .incl accounts as pray be required by generally accepted accouiituig principles. The books and records of the :Authority are public records and shall he open to inspection at all reasonable times by each 'NIenhber and its rcprescutativcs. ch. 'rile Auditor shall either make, or contract mth a certified public accountant or public accountault to niakc, all annual audit of the accounts and records of tic Audionty. The rh111l1Illrlllh requir'eillcuts of the audit shall be those prescribed by the State Controller for special districts under Section 26909 of the Government Code of die State of California, and shall coliform to generalk accepted auditing standards. When all audit ofaecounts mid records is made by a c-cltiliccl Public accountauit or public accountant, a report thereof shall he filed as a public record with each Nienhber (aiid also with (lie auditor of Sacr mento County as lire courtly in which ATTY/AGR/2016.086/CALIFORNIA HOME FINANCE AUTHORITY REV: 04-29-16 FF Page 9 of 14