§ 114.15. Licensee's books and records.

(a)

The licensee shall maintain accounting and administrative controls adequate to assure that accurate accounts and records are maintained.

(b)

Licensee shall submit to the city a report of its operation showing in sufficient detail gross revenue as defined in this chapter. The report shall be certified by a financial officer of the licensee and shall be submitted within 90 days of the close of each annual fiscal period.

(c)

The licensee shall provide such additional financial and subscriber information (except such subscriber information as is prohibited by law from being divulged by licensee) relating to operations in the license territory to enable the city to verify the accuracy of the calculation of the license fee. Upon licensee's failure to provide such information, the city may require an independent audit of licensee's books and records to determine whether licensee has complied with the license fee requirements in this chapter. This audit shall be paid for by licensee if payment is in error by two percent or more.

(d)

If any of such books or records required by the city are not kept in the local office, upon reasonable request they shall be obtained and made available to the city in licensee's local office. If licensee shall fail to obtain books or records not kept in the local office, and if the city shall determine that an examination of such records is necessary or appropriate to the performance of any of the city's duties, then all travel and maintenance expenses necessarily incurred in making such examination shall be paid by licensee.

(Ord. No. 00-24, § 15, 4-10-00)