(A) The licensee shall keep an accurate accounting of all malt beverage purchases made during each calendar month.
(B) The licensee shall furnish such accounting to the Municipal Finance Officer of the city, a written record of such purchases made during each calendar month, and shall furnish such accounting within five days after the end of the calendar month.
(C) Upon reconciliation of the invoices supplied by the wholesaler or distributor with the accounting data provided by the licensee, the Municipal Finance Officer shall calculate the markup amount due and payable to the city by the licensee, and shall send a billing therefor to the licensee.
(D) Upon receiving a billing from the Municipal Finance Officer, the licensee shall remit and/or pay the full amount due and payable each month on, or before, the fifth day after such billing date.
(E) (1) The licensee may be required by the city to pay a fine for repeat tardiness or non-submission of the accounting data or the monthly markup payment liability occurring within 12 consecutive months.
(2) First notice of tardiness or non-submission by the licensee to the city shall pay a $50 fine; a second occurrence of tardiness or non-submission, a fine of one hundred dollars $100; third occurrence may be subject to termination of license.
(Prior Code, § 6.0907) (Ord. 503, passed 9-8-2014)