Not more than once annually, the City Manager or his or her designee may examine and perform an audit of an SVFH’s records kept in the ordinary course of business, such as those commonly used and relied upon for accounting purposes or in preparation of financial statements or pro formas, to ensure compliance with this section. In the event that the audit discloses an underpayment of 5% or more, the SVFH shall pay for the audit. If the audit discloses that all fees have been paid, the city shall pay for the audit; otherwise, the cost shall be divided evenly between the parties.
(Ord. 2008-13, passed 12-2-2008)