The County of Albemarle and the Economic Development Authority of Albemarle County, Virginia, have entered into a Fiscal Services Memorandum of Agreement
The County of Albemarle and the Economic Development Authority of Albemarle County, Virginia, have entered into a Fiscal Services Memorandum of Agreement. The agreement authorizes the County to provide fiscal services to the EDA, including fiscal management, accounting, and procurement services. The EDA will pay the County an administrative management and accounting fee of one percent of incoming funds received from sources other than the County.
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Summary
The County of Albemarle and the Economic Development Authority of Albemarle County, Virginia, have entered into a Fiscal Services Memorandum of Agreement. The agreement authorizes the County to provide fiscal services to the EDA, including fiscal management, accounting, and procurement services. The EDA will pay the County an administrative management and accounting fee of one percent of incoming funds received from sources other than the County.