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Deposits must be made daily. Fees from the previous day must be deposited on the next <br /> business day following the collection. The Supplier must provide Cash Collection <br /> reports daily to the City CIerk's Office. <br /> 10.FINANCIAL CONTROLS <br /> The Supplier must provide or follow the following financial controls: <br /> a. Develop an Accounting Management Reporting System within thirty(30)days of <br /> the effective date of this Agreement,which reporting system must be acceptable <br /> to the City's Finance Director. <br /> b. Provide its own change fund. <br /> c. Provide an electronic cash register. <br /> d. Record all revenue into an electronic cash register at its full value immediately <br /> upon receipt and issue a receipt upon conclusion of the transaction. <br /> e. Make manual receipts available that are preprinted with the"Everpark"logo and <br /> in numerical sequence to be used in the event electrical service is disrupted or a <br /> customer requires a more detailed receipt than is produced by the cash register. <br /> f. Immediately and restrictively endorse all checks received for deposit only to the <br /> "City of Everett"with the endorsement stamp provided by the City Finance <br /> Department. <br /> g. Reconcile the daily receipts using a worksheet provided and approved by the <br /> City's Finance Director. Written explanations must accompany any overages or <br /> shortages. The mode of payment totals from the cash register z-tape should match <br /> the total of each payment type in the deposit i.e.,cash and checks. If the mode of <br /> payment totals does not match,the reason must be documented by the supplier <br /> supervisor. The supplier must organize preprinted parking stubs in numerical <br /> sequence and identify any missing or lost tickets. The supplier must forward <br /> daily to the Finance Department the completed worksheet along with a copy of <br /> the deposit slip,the cash register z-tape,a bank validation slip,and the day's <br /> organized parking ticket stubs. <br /> h. Make bank deposits on a daily basis into the City of Everett's operating account. <br /> Deposit slips,provided by the City of Everett Finance Department,will be <br /> prepared in duplicate. All receipts will be deposited intact. The City's Finance <br /> Department will record Garage revenue daily in the City's financial system. <br /> i. Prepare and distribute invoices for monthly parking customers. Invoices for <br /> monthly parking customers will be mailed on or before the 15th of each month. <br /> -- j.-- Submit monthly invoices to the Property Mk-fag-Merit Division of.fhe City for its <br /> management fee on or before the first of each month for its services during the <br /> prior month. <br /> 11. CITY OF EVERETT RIGHTS AND RESPONSIBILTIES <br /> The City of Everett will: <br /> a. Set parking rates,discounts,allowances,and hours of operation. <br /> b.Pay for all utilities except for telecommunication and refuse removal expenses. <br /> c. Provide Everett Police Department support as needed. <br /> Page 14 <br /> PARKING MANAGEMENT SERVICES AGREEMENT <br /> 149 <br />