Audit of Underground Fund. Upon written request by the City every three (3) years commencing at the end of the third year of this Franchise, the Company shall cause an independent auditor to investigate and determine the correctness of the charges to the underground fund. Such audits shall be limited to the previous three (3) calendar years. The independent auditor shall provide a written report containing its findings to the City and the Company. The Company shall reconcile the Fund consistent with the findings contained in the independent auditor's written report. The Company shall pay the costs of the audit and investigation.
Audit of Underground Fund. Upon a reasonable written request by the Town, but no more frequently than once every three (3) years, United Power will audit the fund for the Town. Such audits shall be limited to the previous three (3) calendar years. United Power will provide the audit report to the Town and will reconcile the fund consistent with the findings contained in the audit report. If the Town has concerns about any material information contained in the audit, the Parties shall meet and make good faith attempts to resolve any outstanding issues. If the matter cannot be resolved to the Town’s reasonable satisfaction, United Power will, at its expense, cause an independent auditor, selected by agreement with the Town, to investigate and determine the correctness of the charges to the underground fund. The independent auditor shall provide a written report containing its findings to the Town and United Power. United Power will reconcile the fund consistent with the findings contained in the independent auditor’s written report. If the independent auditor’s report confirms United Power’s allocations, costs and expenses, the Town shall be responsible for fifty percent (50%) of the cost for the independent auditor’s work and report.
