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<br />08/25/2008 <br /> <br />Public Director from its jurisdiction on the Board. A Member Agency's contribution to the <br />Administrative budget shall be in the form of money, unless the Board approves another form of <br />contribution such as services, personal property or use of real or personal property, or other in- <br />kind contributions. The acceptance and valuation of any such non-monetary contributions shall <br />be as determined by the Board. <br /> <br />5.3 The particular Programs and Program budget, funded, sponsored or operated by HEART, <br />as well as the level of, and mechanisms for, the involvement of HEART and each Member <br />Agency, in such Programs and Program budget, shall be determined and approved by the Board. <br />A Member Agency's individual contribution, involvement and role in any particular Program or <br />the Program budget shall be as may be mutually agreed between the Member Agency and <br />HEART. By way of example only, said contributions, involvement or role may include: cash <br />contributions, provision of services or staffing, use or transfer of title to real or personal property, <br />participation or funding from the Redevelopment Agency under the control of or under contract <br />with the Member Agency, pledges, guarantees or whatever other instruments or involvement the <br />Member Agency and HEART may agree to. Contributions of all kinds to the Program budget <br />from private persons or entities and not-for-profit entities, whether or not their interests are <br />represented by any At Large Directors, are encouraged, so long as they do not cause a violation <br />of any applicable conflict of interest statutes, rules or regulations. <br /> <br />6. Financial Manag:ement <br /> <br />6.1. HEART may appoint a financial manager to manage, hold, invest and distribute the funds <br />of HEART ("Financial Manager"). The duties of the Financial Manager shall include those <br />responsibilities as deemed necessary or appropriate by the Board. There shall be a strict <br />accountability of all funds and report of all receipts and disbursements. <br /> <br />6.2. The public office or officers or person or persons who may be designated to have charge <br />of, handle, or have access to any property of HEART, shall file an official bond in an amount to <br />be fixed by the Board. <br /> <br />Page 9 of/8 <br />C:\Shared\HEART SMClAdministration\Org DocumentsUPA RevisionlJPA redlined revision Final June08.doc <br /> <br />14892 <br />MUFF #304 <br />