Financial Records and Statements. The Borrower shall maintain proper books of record and account in which proper entries shall be made in accordance with generally accepted accounting principles, consistently applied, of all its business and affairs related to the System. The Borrower shall have an annual audit made by an independent certified public accountant within one hundred and twenty (120) days after the end of each Fiscal Year. A copy of the audited annual report shall be forwarded to the Department when completed.
Appears in 6 contracts
Samples: Financing Agreement (Artesian Resources Corp), Financing Agreement (Artesian Resources Corp), Financing Agreement (Artesian Resources Corp)
