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(2) Estimated Expenditures, divided as follows <br /> a. Personnel services <br /> b. Contracts Services <br /> i. Legal <br /> ii. Engineering <br /> iii. Fiscal/Audit, including the Fiscal Agent <br /> iv. Planning <br /> v. Administrative <br /> C. Services other than personnel or consultants <br /> d. Supplies and materials <br /> C. Office administration, e.g., phones, supplies <br /> f. Capital Outlay (incl. Office and Building rent if applicable, <br /> equipment such as phones and computers) <br /> g. Payment of invoices for Gity and County investment <br /> pur-suantservices to the Cost " ° Fofm '° JDA provided i-n <br /> c° �bv a Party. <br /> h. Miscellaneous expenditures <br /> 2.3.4.2. The Parties may determine that a service or services as described <br /> above are available from a Party and direct the JDA to purchase such service from that <br /> Party at that Party's cost, with payment to be made by the JDA from its authorized funds <br /> as stated in the approved budget. <br /> 2.3.4.3. The proposed annual jDA budget proposed by the JDA shall be <br /> reviewed and transmitted to the Parties Each Party shall review,provide comments to the <br /> JDA and the other Partv and approve the annual budget. The proposed JDA annual <br /> budget a roved by the Parties whose � e:sio.-s (arr_„.__.,)pursuant to this process <br /> shall be reported back to the JDA by November 15 (preceding the ensuing calendar/fiscal <br /> year). Thereafter the JDA shall adopt and implement the budget approved by the Parties. <br /> The annual budget may be amended consistent with the process described in this Section. <br /> 2.3.4.4. The JDA may incur expenses and make expenditures that may be <br /> necessary to the effectuation of its purposes and powers, in conformance with the <br /> statutory requirements applicable to contracting and purchasing practices of the Parties, <br /> the approved annual budget and this Joint Agreement. <br /> 2.3.4.5. The JDA shall develop a reimbursement policy including <br /> payment priority for payment to the Parties of allocated fee or other income described in <br /> this Agreement The policy shall provide for monthly reimbursement to the Parties. <br /> 2.3.5. Taxes. The JDA itself shall not levy taxes, issue bonds or independently <br /> borrow money, and it shall not approve any claims or incur any obligations for expenditures <br /> unless there is unencumbered cash in the appropriate JDA accounts described herein, to the <br /> credit of the JDA with which to pay the same, or as otherwise approved by the Parties. Any <br /> sufplus in r-eventies over the eaPerating expenses of m n a assoeiated etiV ties <br /> 9 <br />