§ 30-29. Fiscal reports.

(a)

A grantee shall file annually with the city manager, no later than one hundred twenty (120) days after the grantee's fiscal year end:

(1)

A copy of the grantee's certified statement of revenues applicable to the cable system serving the city;

(2)

An operational report including the following information, specific to the city: Number of homes passed, number of cable plant miles, number of subscribers for each type of cable service offered, penetration rates, and the gross revenue from each revenue source attributable to the operations of the grantee from within the city; and

(3)

An audited financial report for any parent company.

Reports listed under items (1) and (2) shall be certified as being correct by the financial officer of the grantee. Reports listed under item (3) shall be certified as being correct by an independent certified public accountant or independent certified public accounting firm.

(b)

In addition, the grantee's financial officer shall submit a certified statement that the grantee's total gross revenues were fairly stated and that the franchise fees were calculated in accordance with this chapter. If additional franchise fees are due to the city, the grantee will submit a check for these fees within forty-five (45) days of the date the certified financial statements are due. Every certified financial statement called for in this subsection shall only show financial information associated with a grantee's activities in the city. If a grantee prepares its statements on a regional and/or multi-city basis, the grantee will make adjustments to allow the city to trace all monies generated in the city that are attributable in any way to such grantee's operations in the city.

(c)

All proprietary information submitted pursuant to this section shall be treated as confidential to the extent permitted by law.

(Ord. No. 5344, § 1, 11-15-94)