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§ 4.04 Financial Records <br />Corporation shall keep, or cause to be kept, true, <br />accurate and complete records, including double -entry books, a <br />profit and loss statement, and a balance sheet, such that if <br />possible at all times to determine the amount and nature of all <br />revenues and expenditures. All expenditures and transactions <br />shall be supported by documents of original entry such as sales <br />slips, cash register tapes, and purchase invoice and receipts. <br />All such account books, statements, balance sheets and supporting <br />documents shall be retained by Corporation for a period of three (3) <br />years after the end of the accounting year to which they pertain. <br />S 4.05 Accounting Procedures <br />Corporation shall maintain a system of accounting <br />according to generally accepted accounting practices and ap- <br />proved by the City Manager. Said system of accounting shall <br />not be revised without the prior approval of the City Manager. <br />5 4.06 Inspection and Audit <br />(a) City shall be entitled, during the term of the <br />License granted in this Agreement and for a period of one year <br />following the termination of said License, to inspect and ex- <br />amine all of Corporation's books, statements, records, and <br />supporting documents to ascertain the correctness of Corpora- <br />tion's financial statements. Any such inspection shall be <br />conducted during normal business hours with prior notice to <br />Corporation. <br />11. ; - 081 <br />HDXIII <br />in <br />ON <br />