§ 28-299. Reporting requirements.

(a)

Each utility shall annually, within one hundred twenty (120) days of the close of its fiscal year, file with the authority a financial report of its operation during the fiscal year. Such report shall be sworn to by the financial officer of the utility. When end-of-fiscal-year adjustments in the total regulatory fee paid to the county during the fiscal year then being reported shall be paid concurrently with submission of the annual report, or where an annual report correctly shows that overpayments of regulatory fees had been paid by the utility during the fiscal year being reported, a final order allowing credit for the amount of the overpayment shall be issued by the authority for the next fiscal year, provided the utility is not then delinquent in the payment or any other monies owed to the county.

(b)

If the utility has an outstanding loan that is secured by utility assets, the utility must describe in its annual financial report the status of the loan and the status of the utility improvement paid for by such borrowed funds.

(c)

Each franchisee that fails to promptly submit to the county all required fees, fines, or penalties, and its accurate annual financial report within the prescribed time shall pay to the authority a late charge of one percent of the delinquent fee per month, or fraction thereof plus all cost incurred by the authority in collecting the required fee.

(Ord. No. 2002-20, § 9, 10-8-02)