A governing body shall:
(1) adopt regulations to equitably administer the employee incentive award program;
(2) provide an opportunity for all employees to participate in the program;
(3) assist agencies in making incentive awards under the program;
(4) grant or deny incentive awards in consultation with the incentive awards advisory council if there is such a council;
(5) determine the amount of each incentive award;
(6) designate the source of funding for the awards; and
(7) hear appeals from employees on the operation of the program.