6-4-9: ANNUAL REPORT AND AUDIT:

   A.   Report: Payment of the franchise fee as required in this chapter shall be accompanied by a written report identifying the amount of revenues received from subscribers for the provision of cable services or video services to the subscribers and identifying exclusions from gross revenues, if any.

   B.   Audit: The city may, upon reasonable advance written notice, but not more frequently than once in any calendar year, review the business records of a grantee to the extent necessary to ensure proper and accurate payment of the franchise fee. A grantee shall provide sufficient information about such revenues to the city to allow a proper compliance review by the city. The grantee shall keep all business records reflecting any gross revenues, even if there is a change in ownership, for at least three (3) years after those revenues are recognized by the grantee on its books and records. All records reasonably necessary for the audit shall, at the discretion of the city, be made available by the grantee at the location within the jurisdiction where the records are kept in the ordinary course of business, or may be provided electronically to the city with its consent. The city and the grantee shall each be responsible for their respective costs of the audit, unless the audit discloses that the grantee has underpaid the franchise fee by more than seven percent (7%) during the examination period, in which case the grantee shall pay all of the reasonable and actual costs of the audit. Any undisputed amount or refund due to the city or the grantee shall be paid within sixty (60) days, plus interest at the statutory rate on civil judgments. (Ord. 676, 9-25-2012)