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4.09 In establishing rates for services to public agencies, the Board shall <br />assure that the contracts for such services provide far the reimbursement of the <br />actual expenses of providing all services of the ILJAOC, including insurance <br />coverage for the ILJAOC's personnel and equipment. Payment for the ILJAOC <br />services by contracting public agencies shall be made on a monthly basis, or no <br />less frequently than on a quarterly basis (unless paid in advance} to the <br />Treasurer/Controller of the ILJAOC. The Treasurer/Controller shall provide a <br />written monthly account to the Board of all revenues and expenses of the <br />ILJAOC services to other public agencies. <br />I <br />4.1tJ The ILJAOC budget shall include the provision fora Capital <br />Replacement fund that wil! provide for, among other things, the replacement of <br />the equipment awned and operated by the ILJAOC_ The ILJAOG Board annually <br />shall recommend to the Member Agencies amounts needed for Capital <br />Replacement. The amount of the provision for Capital Replacement in each <br />ILJAOC annual budget ,mill depend on the amounts appropriated by the Member <br />Agencies for such purposes during each fiscal year. Said funds shall be <br />transferred to the ILJAOC monthly by the Member Agencies for deposit in the <br />ILJA~C's l;apital Replacement fund. The actual purchase of new equipment <br />and disposal of unneeded equipment shall be done whenever determined <br />appropriate and justified by the Board. <br />4.11 All revenues derived from service contracts with other public <br />agencies shall be maintained in a separate revenue account far the ILJAOC. <br />The Treasurer/Controller shall be responsible for accounting fdr all such revenue. <br />The Board shall be responsible for determining the appropriate allocation of such <br />funds as part of the pudget adoption process. <br />14 <br />25J-15 <br />