§ 5.36.640. Auditing and financial records.

(a)

The director of finance may, from time-to-time during the term of a license prescribe accounting standards and procedures for reporting CATV service gross revenue. During the term of each license, the city may, not more frequently than once each year, conduct an audit of the books, records and accounts of the licensee for the purpose of determining whether the licensee has paid license fees in the amounts prescribed by Section 5.36.610 of this chapter.

(b)

The audit may be conducted by director of finance or by an independent certified public accounting firm retained by the director of finance and shall be conducted at the sole expense of the city. The party conducting the audit shall prepare a written report containing its findings, and the report shall be filed by the city manager.

(c)

Each licensee shall make available for inspection by authorized representatives of the city its books, accounts, and all other financial records at reasonable times and upon reasonable advance notice for the purpose of permitting exercise of the authorities conferred by this section.

(Ord. 747B §3(part), 2003)