Each operator shall, on or before the last day of the month immediately following the close of the prior month, or at the close of any shorter reporting period which may be designated by the director of finance administration, make a return on the form designated by the director of finance administration stating the total rents charged and received, and the amount of tax collected for transient occupancies during such period. At the time the return is filed, the full amount of the tax collected shall be remitted to the city. The director of finance administration may establish shorter reporting periods and require payment in the form of a cashier's check for any certificate holder when deemed necessary in order to ensure collection of the tax, and may require further information in such return. Returns and payments shall be due immediately upon cessation of business for any reason. All taxes collected by operators pursuant to the provisions of this article shall be held in trust for the account of the city until payment thereof is made to the city. (1962 Code § 8-3; amd. Ord. 92-O-2155, eff. 12-11-1992)