Cash and Record Handling Requirements Clause Samples

Cash and Record Handling Requirements. 12.1 At County's request, Concessionaire shall prepare a description of its cash handling and sales recording systems and equipment to be used for operation of the Concession which shall be submitted to the County. Concessionaire shall maintain a method of accounting of the Concession activities which shall correctly and accurately reflect the gross receipts and disbursements received or made by Concessionaire from operations. The method of accounting, including bank accounts, shall be separate from the accounting systems used for any other business operated by Concessionaire or for recording Concessionaire's personal financial affairs. Such method shall include the keeping of the following documents: 12.1.1 Regular books of accounting such as general ledgers. 12.1.2 Journals including supporting and underlying documents such as vouchers, checks, tickets, bank statements, etc. 12.1.3 State and Federal income tax returns and sales tax returns and checks and other documents proving payment of sums shown. 12.1.4 Cash register tapes shall be retained so that day-to-day sales can be identified. A cash register must be used in public view which prints a dated double tapeindicating each sale and the daily total. 12.1.5 Any other accounting records that County, in its sole discretion, deems necessary for proper reporting of receipts.

Cash and Record Handling Requirements. If requested by RAP, CONCESSIONAIRE shall prepare a description of its cash handling and sales recording systems and equipment to be used for operation of the CONCESSION which shall be submitted to RAP for approval. CONCESSIONAIRE shall be required to maintain a method of accounting of the CONCESSION which shall correctly and accurately reflect the gross receipts and disbursements received or made by CONCESSIONAIRE from the operation of the CONCESSION. The method of accounting, including bank accounts, established for the CONCESSION shall be separate from the accounting systems used for any other businesses operated by CONCESSIONAIRE or for recording CONCESSIONAIRE'S personal financial affairs. Such method shall include the keeping of the following documents: 1. Regular books of accounting such as general ledgers. 2. Journals including supporting and underlying documents such as vouchers, checks, tickets, bank statements, etc. 3. State and Federal income tax returns and sales tax returns and checks and other documents proving payment of sums shown. 4. Cash register tapes shall be retained so that day to day sales can be identified. A cash register must be used in public view which prints a dated double tape, indicating each sale and the daily total. 5. Any other accounting records that RAP, in its sole discretion, deems necessary for proper reporting of receipts.

Cash and Record Handling Requirements. If requested by RAP, SMG shall prepare a description of its cash handling and sales recording systems and equipment to be used for the management and operation of the FACILITY, which shall be submitted to RAP for approval. SMG shall be required to maintain a method of accounting in compliance with Generally Accepted Accounting Principles for each location at the FACILITY, which shall correctly and accurately reflect the gross receipts and disbursements received or made by SMG from the management and operation of the FACILITY. For accounting purposes, separate books must be kept for the Greek Theatre and Franklin’s Market + Cafe. The method of accounting, including bank accounts, established for the FACILITY shall be separate from the accounting systems used for any other business operated by SMG or for recording SMG’s personal financial affairs. Such method shall include the keeping of the following documents: 1. Regular books of accounting such as general ledgers. 2. Journals including supporting and underlying documents such as vouchers, checks, tickets, bank statements, etc. 3. State and Federal income tax returns and sales tax returns and checks and other documents proving payment of sums shown. 4. Receipt vouchers shall be retained in order for daily sales to be identified. Reconciliations are required per event. 5. Any other accounting records that CITY, in its sole discretion, deems necessary for proper reporting of receipts.

Cash and Record Handling Requirements. Concessionaire’s cash and record handling systems shall be incorporated in its written policy, rules and regulations covering accounting and handling of all transactions of merchandise and services, which policy, rules and regulations shall be available for review by Lessor.

Cash and Record Handling Requirements. The Concessionaire shall, at all time, observe revenue handling and record handling systems in accordance with its Proposal. The Authority shall have the right to monitor and test all of the Concessionaire’s services and controls by a responsible service. Where such services identify a material breach in the terms and conditions of this Agreement by the Concessionaire, the Concessionaire shall reimburse the Authority for the cost of such service. Where investigations performed by or for the Authority establish that Gross Receipts are not being properly recorded by the Concessionaire, or its employees, the Concessionaire shall pay to the Authority, in addition to any applicable late fees or other charges provided for herein, the amount that would have been due to the Authority, plus fifteen percent (15%) to offset the Authority’s cost and expense of conducting any such investigation. The Authority shall have the right to make a reasonable estimate of the losses that it has incurred.

Cash and Record Handling Requirements. Concessionaire shall prepare a description of its cash handling and sales recording systems and equipment which shall be submitted to the Aviation Director for approval. When approved by the Aviation Director, such systems and equipment, including any revisions thereto approved by Aviation Director, shall be utilized by Concessionaire in its operations at Airport.

Cash and Record Handling Requirements