Not less than annually, the grantee shall provide the Common Council with an unqualified certification of an independent certified public accountant certifying the accuracy of the franchise fee payments paid within the preceding 12 months. The certification shall be prepared in accordance with generally accepted accounting standards as established by the Financial Accounting Standards Board (FASB).
(1980 Code, § 118.055) (Ord. 1996-4, passed 4-9-1996)