Snohomish County Regional Training Consortium 1/31/2020

4.8. Funding formulas shall be adopted by the Administrative Board prior to and for each event or activity requiring separate funding not provided for within the General Budget. (example: Recruit Academy, Officer Development Program) 4.9. An administrative fee of 0 % of Training Chair's FTE assigned costs shall be provided for within the General Budget payable to the Lead Agency to cover the administrative costs in managing the Training Consortiums' fiscal administration duties. The Lead Agency administrative fee may be altered with a Super Majority vote of the Agencies. 4.10. In the event the Training Consortium is co-located within an Agency facility or property, an administrative fee of 0 % of the total assigned Training Officer's costs shall be provided for within the General Budget payable to said Agency to cover supplies, utilities, office equipment, and other incidentals necessary to maintain administrative operations commonly utilized in an office environment. Said Agency agrees to supply and maintain all such supplies, utilities, office equipment, and other incidentals for the above stated administrative fee. The Facility Agency administration fee may be altered with a Super Majority vote of the Agencies. This fee shall not apply when arrangements between the Training Consortium and an Agency involve a lease, rent, or purchase of a facility from said Agency. 4.11. In the event the Administrative Board determines during the course of the year that additional expenditures or contributions from one or more participating Agencies is necessary, the Administrative Board shall be responsible for making the recommendation/request to the appropriate Agencies. 4.12. All annual financial obligations invoiced to an Agency shall be paid to the Lead Agency on or before February 1st of the year for which it is due. 5. RESOURCE OWNERSHIP. This Agreement allows for the collaborative acquisition, use, and management of Resources. 5.1. Prior to commingling any Resources under this Agreement, all equipment and property with a value of more than $1,000.00 used in the performance of this Agreement shall be appropriately marked and inventoried by the contributing Agency in accordance with their respective policies. Ownership of equipment and property shall remain with the Agency that purchases or provides the respective Resource. Agency required asset tracking and reporting remains the responsibility of the contributing Agency. 5.2. Jointly owned Resources, if any, shall be listed in EXHIBIT B to this Agreement "Joint Resources."The ownership and distribution of jointly owned resources shall be governed by the following paragraphs: (a) Joint Resources may be purchased through a separate and independent agreement between Agencies. Ownership, identification, asset tracking, maintenance, and cost allocation shall be the responsibility of the owning Agencies. (b) Joint Resources acquired after the execution of this agreement, utilizing Training Consortium funds, shall be documented on EXHIBIT B. Such Joint Resources shall be owned by the Agencies to this agreement in proportion to the financial and in- kind contribution of each Agency in the year of acquisition of such Resources, "Ownership Share". (c) If this agreement is terminated as to all Agencies the depreciated value of the Joint Resources acquired under the terms of this agreement shall be divided in accordance with the Ownership Shares. Training Consortium Interlocal Agreement—Page 6