Books and records

(a)

A grantee shall:

(1)

Within thirty (30) days following the acceptance of a franchise;

(2)

At least yearly thereafter; and

(3)

Within thirty (30) days of the change of ownership of three (3) percent or more of the outstanding stock or equivalent ownership interest of a grantee,

furnish the city a list, showing the names and addresses of persons owning three (3) percent or more of the outstanding stock or equivalent ownership interest of the grantee. Such a list shall include a roster of the grantee's officers and directors (or equivalent managerial personnel) and their addresses.

(b)

A grantee shall maintain books and records of its operations within the city to show the following in sufficient detail, consistent with generally accepted accounting principles:

(1)

Total revenues, by service category;

(2)

Operating expenses, categorized by general and administrative expenses, technical expenses, and programming expenses, and overhead where applicable;

(3)

Capital expenditures, to include capitalized interest and overhead, if any; and

(4)

Depreciation expenses, by category.

(c)

A grantee shall maintain the books and records for the city; provided that any expenses or expenditures which apply to both the system in the city and any other operations shall be reasonably allocated between all operations, consistent with generally accepted accounting principles. The books and records shall be retained, in any reasonable form, for a period of not less than fifteen (15) years. The city shall have the right to extend the retention period through the term of any renewed franchise.

(d)

The books and records of the grantee's operation within the city shall be made available to the city, during normal business hours, for inspection and audit by the city within thirty (30) days after such request has been made.

(e)

Copies of the grantee's schedule of charges, contract or application forms for subscriber service, policy regarding the processing of subscriber complaints, delinquent subscriber disconnect and reconnect procedures, and any other terms and conditions adopted as the grantee's policy in connection with its subscribers shall be filed with the city and shall be made available for inspection by the public in the grantee's local office.

(Code 1971, § 52-52; Ord. No. 7864-A, § 1(Art. V, § 2), 1-28-82)

Secs. 7-88—7-105. - Reserved.

ARTICLE V. - SYSTEM OPERATIONS