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1. The Contractor will then provide to the City a detailed spreadsheet with a <br /> complete breakdown of revenue type, cash and credit cards deposited and any <br /> over/shorts that may have occurred. <br /> m. The Contractor shall reconcile the number of rounds shown on the tee sheets <br /> with the number of rounds shown on the Point of Sale system each day. <br /> Discrepancies shall be investigated by the Contractor. Steps taken to resolve the <br /> discrepancies shall be described in writing and submitted to the City with the <br /> daily report. <br /> n. The Contractor must document all voids, refunds, cancellations and other <br /> adjustments, obtain written Contractor management approval of each, and <br /> provide such documentation and approvals to the City with the submission of <br /> the daily report. <br /> o. Whenever a deposit does not match the amount reported,the city provides the <br /> Contractor with a notification and the Contractor must investigate the difference <br /> and provide a correction and/or explanation of the difference(s). <br /> p. Unless otherwise specified in this Contract,the Contractor will comply with the <br /> City's Cash Handling policies, deposit procedures, and general internal controls <br /> as governed by Cash Handling Policy No. 400-04-02, attached as Exhibit K. <br /> q. The Contractor will train its employees with cash handling responsibilities <br /> regarding the policies and procedures identified in the City's Cash Handling <br /> Policy,the proper method of entering transactions (sales, refunds,voids) in the <br /> Point of Sale system, and how to conduct business in the event that the Point of <br /> Sale system becomes inoperable. <br /> 3. Taxes and Fees <br /> a. The City agrees to pay all federal, state and local taxes, including leasehold <br /> taxes together with any interest and penalties including leasehold excise tax, <br /> sales and use taxes, business and occupation tax, and license fees. Under no <br /> circumstances shall the Contractor be responsible for the payment of any <br /> federal, state or local income taxes attributable to the City's ownership of or <br /> operation of the courses. <br /> b. All deposits into the City's Bank Account by the Contractor shall be inclusive <br /> of all sales, use and admissions taxes as collected from customers. The City <br /> will pay any applicable taxes due on revenue deposited in the Bank Account <br /> under this Contract. <br /> 24 <br />