§ 4-4-26. Financial statement of franchisee.

The franchisee shall submit to the governing body, within ninety (90) days after the close of each fiscal year, an audited financial statement of its operations during the preceding fiscal year. Extensions of the filing deadline may be granted by the governing body in its sole discretion. Annual financial reports shall at a minimum include:

(1)

Standard audit report statements:

(2)

Separate income statements for every operation such as commercial, residential, or other method of collection which is regulated by this article;

(3)

Detailed explanation of allocation methods; and

(4)

An opinion by an independent certified public accountant, that certifies he has examined source documents in compiling the financial statement.

(Ord. No. 2004-006, § 1, 2-10-04)