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18.2 The Collector shall undertake and be subject to <br />the following requirements in order to insure that it obtains a <br />fair rate of return on investment but provides to the City <br />essential information justifying future rate increases: <br />(a) Continue the use of a cash register at the <br />Transfer Station and institute accounting <br />procedures which, in the opinion of the City <br />Manager establish a reliable "audit trail." <br />(b) Have an annual audited financial statement and <br />operating schedules prepared after March 31 of <br />each year. Collector shall select the auditor <br />subject to approval by the City Manager. The <br />statement shall be in a format, including detailed <br />expense and revenue figures by service category, <br />acceptable to the City Manager. No future rate <br />increase shall be requested prior to the <br />preparation of said report and its submittal to <br />the City. <br />(c) No capital expenditures of $10,000 or more shall <br />be undertaken prior to the review and approval of <br />said expenditure by the City Manager. If no <br />approval is received within 10 working days, <br />approval will be assumed. <br />(d) The following items shall not be attributable to <br />allowable expenses for rate-making purposes: <br />1. Amortization of the covenant not to compete <br />and Franchise Fee. <br />2. Two and one-half (2-1/2) acres of land <br />adjacent to, but not used in conjunction <br />with, the Transfer Station. (Except for <br />improvements related to Transfer Station <br />expansion.) <br />3. Annual property taxes on the former Vineyard <br />Avenue disposal site. (Except for <br />improvements related to Dump Site closure.) <br />4. Annual property taxes on the 2-1/2 acres <br />mentioned in No.2. (Except for improvements <br />related to Transfer Station expansion.} <br />17. <br />