Member Agency definition
Examples of Member Agency in a sentence
If the Capital Reserve Fund balance exceeds $100,000 on September 1 of any year, the Library Director shall provide the fiscal agent with the appropriate allocation to reduce the community contribution proportionally in the subsequent year(s) by the then current Member Agency Cost Allocation.
Each appointment shall be for a three-year term, provided that if, after such appointment, the appointee changes their residence to a location outside the Member Agency which appointed them, the term shall immediately expire, and a successor shall be appointed.
Said fiscal agent may co-mingle Library funds with other funds of their Member Agency, but shall keep separate records of all Library receipts and expenditures.
Each Member Agency shall appoint one member of its governing body to serve as one of its appointed members of the Board for three-year terms to expire April 30 of any year.
The fiscal agent shall be established by a separate Memorandum of Understanding ("MOU"), which shall include terms and compensation deemed necessary by the Board as necessitated by Library operations, between the Library and a Member Agency, currently Bayside.