§ 730-23. Books, Records, and Reporting Requirements.

(a)

Each franchisee shall prepare, keep, and maintain current, accurate records demonstrating its compliance with the requirements in this chapter and the franchise agreement.

(b)

The city shall have the right to inspect and review a franchisee's records concerning its franchise. The city shall provide fifteen (15) days advance written notice of any such inspection. The city also may copy and audit the franchisee's records, at the city's expense. The records shall be readily accessible for review by the city.

(c)

Each franchisee providing commercial waste collection services shall file an annual report concerning the franchisee's total gross revenues for the year. This annual report shall be examined by an independent certified public accountant ("auditor"), who shall confirm that the franchisee's computations concerning gross revenues and franchise fees were performed in accordance with the requirements of this chapter. The auditor's report shall state that its examination of the franchisee's records was performed in accordance with professional standards established by the American Institute of Certified Public Accountants or successor organization. The auditor's report shall be filed with the city manager within one hundred twenty (120) days after the end of the franchisee's fiscal year. The auditor's services shall be contracted and paid by the franchisee.

(Ordained by Ord. No. 489-2012, § 1, eff. Jan. 14, 2013)