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reserves that have been set aside for such prior incidents. The Authority may contract <br />with the County to receive risk management services on such terms as agreed to by the <br />Authority and the County. Notwithstanding, the Authority acknowledges that it shall not <br />be entitled to become a member of the County's self- insurance pool without the <br />County's written consent. <br />ARTICLE IV. <br />FUNDING OF FIRE OPERATIONS <br />1. General Budget. Within sixty (60) days after the first meeting of the <br />Board, a general budget for the first fiscal year shall be adopted by the vote of a <br />majority of all of the Directors. The initial budget and each succeeding budget shall <br />include, but not be limited to, the following: (a) the general administrative expenses, <br />operating expenses and necessary reserves of the Authority to be incurred during the <br />period covered by the budget; and (b) the allocation of costs among the members of the <br />Authority in the amounts necessary to cover the budget items set out in 1. (a) above. <br />Thereafter, at or prior to the last meeting of the Board for each fiscal year, a general <br />budget shall be adopted for the ensuing fiscal year or years by a vote of at least a <br />majority of all of the Directors of the Board. A written budget performance report shall be <br />presented to the Board. <br />4509 -0s 16 <br />110179 vs <br />9127199 <br />60C -23 <br />