(A) Within three months of the close of its fiscal year, a franchisee must file with the city an annual report that includes the following information:
(1) A summary of the previous calendar year’s activities in development of the system, including but not limited to services begun or dropped, number of subscribers (including gains and losses), homes passed, and miles of cable distribution plants in service. The summary shall also include a comparison of any construction, including system upgrades, during the year with any projections previously provided to the city.
(2) A financial statement, including a statement of income, a balance sheet, and where the franchisee is in a significant construction phase, a statement of sources and applications of funds. The statement shall include notes that specify all significant accounting policies and practices upon which it is based. A summary shall be provided comparing the current year with previous years since the beginning of the franchise.
(3) A copy of updated maps depicting the location of all trunks where there was construction in the year of the report.
(4) A summary of complaints, identifying the number and nature of complaints and their disposition. Where complaints involve one or more recurrent system problems, the nature of each problem and what steps have been taken to correct it shall be identified. More detailed information on complaints shall be submitted upon request of the city.
(5) If the franchisee is a corporation, a list of officers and members of the board and the officers and board members of any parent corporation; and where a parent corporation’s stock is publicly traded, a copy of its most recent annual report.
(6) A list of all partners or stockholders holding 5% or more ownership interest in the franchisee and any parent corporation; provided, however, when any such entity has fewer than ten persons holding 5% ownership interest, the ten largest such holders. Alternatively, the annual ownership information required by the FCC for broadcast licensees may be supplied.
(7) A copy of all the franchisee’s rules and regulations applicable to subscribers and users of the cable system.
(B) A franchisee must maintain a complete set of books and records available for inspection upon reasonable prior notice by the city during normal business hours.
(C) Upon written request of the franchisee and approval by the City Attorney, information of a proprietary nature submitted to the city pursuant to this chapter or a franchise agreement will not be made available for public inspection.
(D) The franchisee shall provide to the city a copy of all filings of the franchisee or affiliated entity made with the Federal Communications Commission, the Securities and Exchange Commission, or other federal agency where such filings involve matters that affect, or could affect, the operation of the franchised cable system or the franchisee’s capability to carry out its obligations under the franchise agreement and this chapter.
(Ord. 89-15, passed 5-8-89)