2005-379 - Laserfiche WebLink

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4 . 5 . Reporting . During the term of this Agreement , the FOUNDA T ION and the TRUSTEES , respectively , shall prepare quarterly reports with respect to the County Contribution in the FOUNDATION Matching Account and the County Contribution in the TRUSTEES Matching Account , disclosing current investments ; the book value of all investments ; earnings for the quarter; market values for all investments ; purchases , sales , and maturities of investments ; complete disbursement information , and such other information as may be reasonably requested by the COUNTY and/or CLERK . The FOUNDATION and the TRUSTEES , respectively , shall cause each of the foregoing reports to be completed within fifteen ( 15 ) calendar days after the end of each quarter and thereafter provided to the COUNTY and the CLERK within five ( 5 ) calendar days after completion . 4 . 6 . Other Financial Matters . To the maximum extent allowed by Florida law , the COUNTY , the CLERK , the FOUNDATION , and the TRUSTEES acknowledge and agree that : . 1 . the County Contribution is not subject to the provisions of Florida Statutes section 1010 . 10 (2004) , the " Florida Uniform Management of Institutional Funds Act" ; . 2 . the County Contribution in the FOUNDATION Matching Account and the County Contribution in the TRUSTEES Matching Account , respectively , are subject to audit pursuant to Florida Statutes sections 1004 . 70 , 1010 . 34 , and 11 . 45 ( 8 ) and such audits shall be provided to the COUNTY and the CLERK during the term of this Agreement , within 10 (ten ) calendar days of receipt of all such audits . 5 . AUT HORIZED USES OF FUNDS IN THE MATCHING ACCOUNTS , The County Contribution and all other funds held in the FOUNDATION Matching Account and the TRUSTEES Matching Account , respectively , shall be used solely for the limited purposes set forth in this Agreement and , in accordance with Florida Statutes section 1011 . 32 ( 5 ) (2004) , for the planning , construction , and equipping of the Library Facility , The COUNTY , the CLERK , the FOUNDATION , and the TRUSTEES acknowledge and agree that all disbursements of all the County Contribution and the State matching appropriation in the TRUSTEES Matching Account shall be made on an evenly divided 50/50 basis so that both the State matching appropriation and the County Contribution are drawn upon evenly . 6 . EARLY TERMINATION : REVERTER . Pursuant to Florida Statutes section 1011 . 32 ( 7) ( 2004 ) , if the Library Facility project is terminated , the County Contribution , plus accrued interest , reverts to the FOUNDATION for remittance to the COUNTY . In such event , the FOUNDATION agrees to remit all such funds to the COUNTY within ten ( 10 ) business days after such termination . The COUNTY , the TRUSTEES , and the FOUNDATION acknowledge and agree that this Agreement will be terminated at the expiration of the 2006 Legislative Session if matching funds have not been appropriated , unless the COUNTY , the CLERK , the TRUSTEES , and the FOUNDATION elect to extend the Agreement . Florida Statutes section 1011 . 32 ( 11 ) (2004) provides that any project funds unexpended after a project (such as the Library Facility project) is completed shall revert to the FOUNDATION Matching Account and fifty percent (50 % ) of such unexpended funds 7