FINANCIAL RIGHTS AND RESPONSIBILITIES

The Board of Bar Examiners: (a) May appoint and compensate administrative and secretarial personnel as needed to assist the Board in the performance of its duties; (b) May lease office space, acquire equipment and supplies, and make contracts and arrangements for the performance of administrative, professional and other services required or appropriate in the performance of the Board's duties; (c) May invest or direct the investment of the fees or any portion thereof received pursuant to these rules, may cause funds to be deposited in any federally insured bank or financial institution in this State, and may adopt procedures for the orderly payment of charges and expenses as is required by the Board's financial needs, provided, however, that the Board shall have no obligation to cause such fees or any portion of them to be invested; (d) Shall prepare and file with the Court for approval in May of each year its budget for the next fiscal year, including any recommendation to increase or decrease the application fee; (e) Shall adopt the fiscal year used by the Judicial Department; and (f) Shall, subject to the Court's approval, adopt and conform to personnel and financial policies and procedures, including accounting controls, purchasing, expense vouchering and capital equipment inventories consistent with those used by the Judicial Department.