Contractor's accounting records. Contractor shall maintain accurate and complete accounting records containing the underlying financial and operating data relating to, and showing the basis for computation of, all costs associated with providing services under this Agreement. The accounting records shall be prepared in accordance with Generally Accepted Accounting Principles (GAAP) consistently applied.
Contractor's accounting records. The Contractor shall keep records pertaining to Services performed (including complete and detailed time records) on the basis of recognized bookkeeping practices, generally accepted accounting principles, and in accordance with such reasonable requirements to facilitate audit as the City may provide. All records shall be available to the City or its authorized representatives for review and audit during normal business hours.
Contractor's accounting records. Contractor shall maintain accurate and complete accounting records containing the underlying financial and operating data relating to, and showing the basis for computation of, all costs associated with providing services under this Agreement. The accounting records shall be prepared in accordance with Generally Accepted Accounting Principles (GAAP) consistently applied. Chief among these accounting records shall be the Contractor’s Annual Financial Statement. This report, prepared at Contractor’s cost by a Certified Public Accountant, shall:
a. Clearly identify the methods used to allocate revenue and expense line items among the County franchise and the company’s other divisions.
b. Illustrate the methodologies used to allocate revenues and expenses among Related Party Entities.
c. Report any changes to the methodologies used to allocate revenues and expenses in the allocation percentages from the prior year.
d. Track and report the costs associated with each expense item that has contractual limitation and provide an accounting of those expenses against their contractual limitation.
e. Provide a rate-of-return calculation with any adjustments against contractual limitations. This rate-of-return calculation will be used in determining Contractor’s Compensation for the following year.
f. Provide a variance analysis between the current year and prior year revenues and expenses, along with an explanation for any significant variances.
Contractor's accounting records. Contractor shall maintain all accounting records related to this Agreement in accordance with generally accepted accounting principles and state law requirements, and in no event for less than four (4) years. Contractor’s accounting records shall include, at a minimum, all documents which support Contractor’s costs and expenses related to this Agreement, including personnel, subcontractors’ invoices and payments, and reimbursable expenses. Contractor’s accounting records shall be made available to City within a reasonable time after City’s request, during normal business hours.
Contractor's accounting records. Contractor shall maintain accurate and complete accounting records containing the underlying financial and operating data relating to, and showing the basis for computation of, all costs associated with providing services under this agreement. The accounting records shall be prepared in accordance with Generally Accepted Accounting Principles (GAAP) consistently applied. Chief among these accounting records shall be the Contractor’s Annual Audited Financial Statement. This report, prepared at Contractor’s cost by a third-party auditing firm, shall contain:
1. The methods used to allocate revenue and expense line items among the
2. The methods used to allocate revenue and expense line items between curbside collection and all other collection and disposal services.
3. The methodologies used to allocate revenues and expenses among Related Party Entities.
Contractor's accounting records. Contractor shall maintain accurate and complete accounting records containing the underlying financial and operating data relating to, and showing the basis for computation of, all costs associated with providing services under this agreement. The accounting records shall be prepared in accordance with Generally Accepted Accounting Principles (GAAP) consistently applied. Chief among these accounting records shall be the Contractor’s Annual Compiled Financial Statement and Trienniel Audited Financial Statement. These reports, prepared at Contractor’s cost by a third-party accountancy firm, shall:
1. Clearly identify the methods used to allocate revenue and expense line items among the County franchise and the company’s other divisions.
2. Illustrate the methodologies used to allocate revenues and expenses among Related Party Entities.
3. Report any changes to the methodologies used to allocate revenues and expenses in the allocation percentages from the prior year.
Contractor's accounting records. During performance of this Agreement and for a period of three (3) years after completing all Services and Additional Services hereunder, Contractor must maintain all accounting
Contractor's accounting records. Contractor shall maintain records of costs, expenses, xxxxxxxx and Worker Wage Rate or Monthly Salary Rate pertaining to services performed under this Contract in accordance with generally accepted accounting principles. Such records shall be available to Owner or the Owner’s authorized representative at mutually convenient times for a period of at least three (3) years after expiration or termination of this Contract. Owner shall have the right to audit and to verify the details set forth in Contractor’s xxxxxxxx, certificates and statements, either before or after payment. The terms of this paragraph shall survive any termination of the Contract.
Contractor's accounting records. In order to effectuate the adjustments to the Disposal Rates contemplated by Sections 5.03 and 5.04, Contractor must maintain accurate, detailed financial and operational information in a consistent format and to make that information available to the Authority in a timely fashion. This Section is intended to effectuate these requirements. Contractor will maintain accurate and complete accounting records containing the underlying financial and operating data relating to and showing the basis for computation of all costs associated with providing Services. The accounting records will be prepared in accordance with Generally Accepted Accounting Principles (GAAP), which will be consistently applied. The Parties acknowledge that the Contactor’s accounting procedures may not produce accounting records that separate the financial and operational data related to specific services provided to the Authority, but rather the accounting records are consolidated financial and operational data for all services provided by Contractor or at Contractor’s Landfill.
Contractor's accounting records. Records evidencing Contractor's reimbursable expenses pertaining to this Agreement shall be maintained on a generally recognized accounting basis and shall be available for review and audit by the Company at mutually convenient times and extending to three (3) years after final payment under this Agreement.
