Common use of Certification of Annual Statement of Operating Results Clause in Contracts

Certification of Annual Statement of Operating Results. Within sixty (60) days following the end of each Contract Year, and within (90) days following termination or expiration of the Contract, if such date does not coincide with a Contract Year, the Contractor shall prepare and deliver to the Authority an Annual Statement of Operating Results to include the items below: (i) The total Operating Receipts for parking, towing, storage fees, and any other revenue receipts collected by the contractor by month and contract year less revenue adjustments reconciling to net revenue. These shall be shown as follows: a. Operating Receipts shall include parking insufficient funds notes less payments received. b. Reconcile source documents to operating receipts reported in Monthly Certified Statement as referenced in Section 6.07(b)(4)(iv). c. Operating Receipts collected in total and per parking area. d. Operating Receipts collected from credit cards, cash, and personal checks including a breakdown of sales by each type of credit card. (ii) A schedule of Reimbursable Expenses by month and Contract Year reconciled to Operating Funds transfers, amounts due to the Authority or Contractor and to Reimbursable Expenses reported in the Monthly Certified Statement. (iii) A schedule of reimbursable expenses by department; parking, shuttle bus and fleet maintenance. (iv) A comparison of the original and the revised (reallocated) budget with actual expenses. (v) Losses from checks, the amount of canceled credit card sales ("charge-backs"), credit card accounts not paid and phasing activities. (vi) A summary of credit card charges reconciled to charges reported in the Monthly Certified Statement. (vii) A summary of exits by lot and type by month and year.

Certification of Annual Statement of Operating Results. Within sixty ninety (6090) days following the end of each Contract Year, and within ninety (90) days following termination or expiration of the Contract, if such date does not coincide with a Contract Year, the Contractor shall prepare and deliver to the Authority an Annual Statement of Operating Results to include the items below: (i) The total Operating Receipts for parking, towing, storage fees, and any other revenue receipts collected by the contractor by month and contract year less revenue adjustments reconciling to net revenue. These shall be shown as follows: a. (a) Operating Receipts shall include parking insufficient funds notes less payments received. b. (b) Reconcile source documents to operating receipts reported in Monthly Certified Statement as referenced in Section 6.07(b)(4)(iv). c. (c) Operating Receipts collected in total and per parking area., and, d. (d) Operating Receipts collected from credit cards, cash, and personal checks including a breakdown of sales by each type of credit card. (ii) A schedule of Reimbursable Expenses by month and Contract Year reconciled to Operating Funds transfers, amounts due to the Authority or Contractor and to Reimbursable Expenses reported in the Monthly Certified Statement.; (iii) A schedule of reimbursable expenses Reimbursable Expenses by department; parking, shuttle bus and fleet maintenance. (iv) A comparison of the original and the revised (reallocated) budget with actual expenses.; and (v) Losses from checks, the amount of canceled credit card sales ("charge-backs"), credit card accounts not paid and phasing activities. (vi) A summary of credit card charges reconciled to charges reported in the Monthly Certified Statement. (vii) A summary of exits by lot and type by month and year.