25A - AGMT - MUNICIPAL PARKING FACILITIES OPERATOR

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SECTION H, PLANS I Page MANAGEMENT PLAN REVENUE CONTROL PROCEDURES FINANCIAL CENTRALTM Revenue collection for the City of Santa Ana is an enormous responsibility and a primary concern for Central Parking. To provide the most stringent cash collection, revenue reporting, audit, billing. OPER and credit card transaction security, we have created its own professional services division known as FinancialCentra", the parking industry's first homogeneous financial oversight process. Central Parking and Standard Parking, as a combined company collect over $2 Billion dollars annually in cash, check and credit card fee's in its 4,400 operations. As the industry's largest collector of parking fee's. our high level cf financial security is our company's number 1 priority. Company is reviewed by an independent nationally recognized audit firm annually to insure consistent exemplary performance, ensuring reliable revenues for our clients. Company maintains the highest accounting standards in the industry and meets all the requirements regarding Sarbanes- Oxley Act and PCI/DSS Compliance, promot.ng greater corporate responsibility through certification of internal controls, authorizations of transactions & protection of assets against unauthorized use & proper recording of transactions. STRICT ACCOUNTING AND CASH CONTROLS Our cash and revenue control procedures accurately identify actual daily transactions and sales and also protect and safeguard parki-ig revenues. These procedures (which can vary slightly for any given location depending upon the facility's specific equipment and bookkeeper staffing) are summarized below: SEPARATION OF DUTIES - Complete separaticn of duties including cashiers, supervisors, managers and bookkeeper. PARKING FEE RECONCILATIONS - The daily sales report is a reconciliation of the total tickets issued to daily exits. The physical inventory, taken later in the evening, is used to reconcile the entrances to paid exits. An ingress/egress report measures vehicle activity by comparing tickets issued and corrected to varous meters at the entrance and exit lanes. CASH BANK - A cash bank is issued to each cashier at the start of the shift. The cashier initials the bank inspection log, indicating receipt of the cash bank. At various times during the shift, the cashier deposits all cash in excess of $200 into a drop safe. The cashier places the excess cash in an envelope, notes on the envelope the amount of cash enclosed, seals and initials the envelope, and drops the envelope into the drop safe located in the cashier booth. At the end of the shift, the total revenue collected is recorded on the cashier report form, with an attached fee register computer tape identifying sales activity during the shift. Bank Deposits—The manager collects all of the transient cash each day by retrieving the cashiers' drop envelopes from the safes in the cashier booths. The manager then deposits those funds in the operating bank account. Cashier Reports—Each cashier prepares a daily report for each shift and each day of the week. This report contains the following information: beginning and ending ticket numbers; total tickets collected in each rate category (with dollar extensions reflecting the total dollars represented by those tickets); all non-cash tickets; lane number; revenue col- lection date; cashier's name; shift revenue (as reported by the cashier); deposit amount (as counted and recorded by the cashier); and over/short amounts. FINANCIAL REPORTS AND LOGS - State -of -the art information systems allow Standard Parking to supply all the reports and information our clients need to stay on top of their facilities' performance. We can provide standard monthly reports, formatted to meet clients' needs, covering: • Budgets by month, quarter and year. • Monthly P & L reporting Vs. budget by month, quarter and year. • Revenue detail reporting. • Payroll, overtime, benefit detail reporting. • insurance claim analysis reporting. • Monthly ledger detail reporting. • Invoice copies. 25A-91