The permittee shall maintain books, records, maps, documents and other evidence directly pertinent to its gross revenues and calculation of payments to the City in accordance with generally accepted accounting principles. The City or its designated agents shall have access to such books, records, maps, documents and other evidence for inspection, and audit to the extent necessary to determine compliance with the terms of the permit and this chapter. Within one hundred twenty (120) days after the end of the calendar year, permittee shall provide the City with access to audited financial statements for the previous calendar year verifying gross revenues. The City or its designated agents shall not require the production of any documents which contain trade secrets, proprietary information or confidential financial information unless such information is related to determining compliance with the permit and this chapter. In such instance, the City and the permittee shall take reasonable steps to protect the confidentiality of such information.
(Ord. 398-97. Passed 6-24-97.)