(a) Each grantee shall keep, maintain, and furnish copies of such operating records and reports as may be requested by the Division to ascertain compliance with Division 6 and as set forth in the franchise agreement. The Division reserves the right to request that additional information be provided to it, as necessary to meet its needs, including but not limited to AB 939, AB 341, AB 1826 and SB 1383, as may be amended, and other applicable reporting requirements.
(b) All information required to be kept, maintained or furnished to County shall be maintained a minimum of seven years after the entry of the most recent item therein.
(c) The grantee's financial and accounting records required to be maintained under the provisions of this Division 6 shall be maintained on an accrual basis in accordance with the most current edition of Generally Accepted Accounting Principles published by the American Institute of Certified Public Accountants. Unless inconsistent with Generally Accepted Accounting Principles, gross receipts must be recorded as revenues.
(d) Data and information pertaining to services performed under any franchise agreement become the property of the County upon submittal to the Division.
(Ord. 4385, passed - -2020; Am. Ord. 4434, passed - -2022)