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<br />5.28 <br /> <br />Agreements Where the Agency is Providing a Service - Periodically, the Agency may Page 2 <br />have the opportunity to provide services (Le. sell our services to other agencies). In <br />situations where the total annual revenues the Agency will generate by way of such <br />agreements do not exceed $100,000 per year, it is recommended that the Executive <br />Director be authorized to enter into these agreements. <br /> <br />The Executive Director will provide the Agency Board of Directors with a report twice each <br />year as soon as practical after June 30 and December 31 that provides a description and <br />amount of each such agreement that the Executive Director has executed in the preceding <br />six months. <br /> <br />Fiscal Agent Agreements - The Board of Directors' approval must be obtained before the <br />Agency may serve as a fiscal agent for another organization. <br /> <br />Alternative <br />The Board of Directors may elect not to extend the authority for the above transactions to <br />the Executive Director. Doing so will require staff resources to bring these items to the <br />Board of Directors for approval and may, particularly in the case of revenue generating <br />opportunities, result in the Agency not being able to take advantage of such opportunities if <br />there is a brief time period in which the Agency needs to respond to the prospective client. <br /> <br />Fiscal Impact <br />If adopted, this administrative policy will provide savings in paper and supply costs due to <br />the reduction in staff reports being submitted to the Board of Directors. Additionally, staff <br />time will be made available for other more productive uses and the Agency will be less <br />likely to lose an opportunity to provide services to another agency due to the requirement <br />of obtaining Board of Directors' approval. <br /> <br /> <br /> <br /> <br />It; ~ 0kJL <br />If" <br />. ! ! / , <br />1)1 ./ <br />13 ~-l4tM' #ft. . -. <br />Bria only Susan MoeKer ~ Edward Everett <br />Director of Finance and Redevelopment Manager City Manager <br />Financial Planning <br /> <br />Attachment: <br />Administrative Policy No. 36 <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />2 <br /> <br /> <br /> <br /> <br /> <br /> <br />~... ._.....~,.-...~,~,"""-"_.,-..;...,.,-...--....".,",.......,,--_..-....',~ ,........ <br />