(A) The grantee shall file annually with the town, no later than 120 days after the end of the grantee's fiscal year, a copy of a financial report on the preceding 12 months of operation applicable to the CATV system serving the town. This report shall be comprised of a standard corporate worksheet including an itemized schedule of revenues and indicating that gross receipts reported have been audited internally. The accuracy of the gross receipts reported shall be further verified by an independent certified public accountant. There shall be submitted along with these reports such other reasonable information as the town shall request with respect to the grantee's properties and expenses related to its CATV system operations within the town. The town may hire an independent certified public accountant to audit the grantee's financial records, in which case the grantee shall provide all necessary records to the certified public accountant.
(B) Reports to be filed within 60 days after the end of each fiscal year of the grantee shall include:
(1) An "annual report of cable television system" (FCC Form 325, Schedules l, 2);
(2) An ownership report indicating all persons who at any time during the preceding year controlled or benefitted from an interest in the franchise of 10% or more. This report shall also include all creditors secured by pledges or other form of security interest in the cable system and all unsecured creditors whose claims in respect to the operation of the franchise exceed $50,000;
(3) A summary list of all complaints and cable system "down time" received or experienced during the year; and
(4) A report showing or containing:
(a) The total number of hours of utilization of each of the access channels.
(b) The number of persons subscribing to two-way service.
(c) A brief statement indicating whether the grantee is planning any new services for the ensuing years as a result of technological development in the cable television industry.
(Ord. passed 7-21-86) Penalty, see § 111.99