The Joint Board shall approve the budgets of both the fire protection service and of the ambulance service each year prior to September 21 to provide each participatinggovernment entity adequate notice for their budgetpreparations.
The Joint Board shall approve the fiscal expenditures for thefire protection service and charge each participating townand village proportionally to their share of the District’sequalized property value, providing the total budget does notexceed 1/4 mil of their equalized property value.
The Joint Board shall approve the fiscal expenditures of the ambulance service and charge each Town and Village proportionately to their share of the ambulance service formula. The formula is based on each Town’s and Village’s proportion of their equalized property value adjusted based on their proportion of ambulance calls over the immediately preceding three years, with 60% of their share based upon their equalized property value and 40% based upon their proportion of ambulance calls over the immediately preceding three years. Those having more calls will pay more and those having fewer calls will pay less.
The payment by participating governmental entities will be due each year one–half by January 31 and one-half by April 30; any late payment will be subject to a monthly interest charge of 1.5% or 18% annually.
Any entity that is 3 months late in making a payment will losevoting rights.
Any entity that is 6 months late in making a payment will lose protection. Upon loss of protection, the member entity will be considered to have withdrawn and the terms of section 10 will apply.