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2.3.3.1. The JDA may establish independent JDA bank accounts, to <br /> be managed by the Fiscal Agent, into which all revenue receipts generated by and <br /> belonging to the JDA, including the Annual Gentfibutieft by the Gotint5 and those <br /> proceeds which the Parties may authorize to be borrowed as interfund loans, shall be <br /> deposited intact to the credit of such JDA accounts. <br /> 2.3.3.2. No disbursements shall be made from such accounts <br /> except by check or Electronic Funds Transfer (EFT), nor unless a verified claim for <br /> services and/or commodities actually rendered or delivered has been submitted to and <br /> approved for payment by the JDA. <br /> 2.3.3.3. No disbursements shall be made from such accounts for non-JDA <br /> expenses and purposes. Payment and disbursement of funds by check or withdrawal shall <br /> require the signatures of the Chair of the JDA and the individual designated by the <br /> County to assist in JDA fiscal matters, which shall be the Director of Finance or <br /> designee. <br /> 2.3.3.4. Revenue collected by the JDA shall be paid to the Parties as <br /> described in Section 3.7. <br /> 2.3.4. Annual Budget. Dw4ngthe jDA's initial stai4 up operations, eaeh P i4 <br /> will be responsible for-pa�anents out of their-r-espeetive budgets fef their- own staff Oests, as <br /> as any per-them and other expenditufes for these staffl. County shall fund the initial and ongoing <br /> bThe JDA shall prepare an annual budget and submit it to the Parties as provided in this <br /> section. <br /> 2.3.4.1. With the first annual budget request and in subsequent years, the <br /> JDA shall each year prior to May 1, and in ____a____*`___ with the Parties' bttdget p! <br /> proms;l prepare an annual operations budget that estimates funding required by the JDA <br /> to conduct its business over the next calendar year. The JDA shall coordinate its budget <br /> r�with the Parties' budget planning process Prior to September 1 of each year, the <br /> JDA shall, after its review and approval, submit the annual budget to the City and <br /> County. The budget shall be substantially balanced. The budget shall follow the format <br /> as established by the JDA after consultation with the City Finance Director and the <br /> County Director of Budget a Finance, and at a minimum provide the following <br /> information: <br /> (1) Estimated Revenues, divided as follows: <br /> a. Any Grant monies,private, State or Federal <br /> b. Revenues from JDA Application fees <br /> c. Revenues from JDA Permit fees <br /> d. Gontfi utieMContributions from Qt-yCounty <br /> e. Gentr-ib;Aten fiom rCounty Reserves <br /> g_f. Developer escrow/fees <br /> hg. Miscellaneous revenues <br /> 8 <br />