Laserfiche WebLink
b <br /> All golf shop and food and beverage retail inventory shall be the sole property of - <br /> BCG during the Term of the Agreement and BCG will be solely responsible for <br /> providing funds for purchase of all retail inventory. BCG shall provide a <br /> customer receipt for all transactions. As part of its reporting requirements, BCG <br /> shall provide City with a monthly record of beginning inventory, purchases, and <br /> ending inventory for the golf shop and food and beverage operations for the <br /> Facility. <br /> L. Revenue Collection. BCG will collect all greens_fees, membership fees, and <br /> revenue from retail, food, and beverage operations, and maintain an accurate <br /> record of all transactions. BCG agrees to follow all cash handling procedures and <br /> requirements as set forth in the City's Internal Control Manual (Exhibit B). BCG <br /> will retain financial responsibility for daily over/shorts resulting from cashiering <br /> errors and omissions. BCG may accept personal checks to the credit of the City <br /> for green fees, membership fees, pro shop rentals, and pro shop merchandise <br /> sales, and food and beverage sales. Collection of returned checks will be the sole <br /> financial and managerial responsibility of BCG. BCG will accept major credit <br /> cards as payment by customers for green fees, membership fees, pro shop rentals, <br /> and pro shop merchandise sales, and food and beverage sales. The City will pay <br /> all handling fees charged by the credit card company. <br /> M. Cash Register/Point-of-Sale System. BCG will record all receipts derived from <br /> the operation of the Facility, from whatever source, on cash registers and/or point <br /> of sale systems capable of recording detailed daily transaction information. <br /> Original detailed transaction information must be retained for seven (7) years. <br /> This information shall be shared with the City upon request in both paper and <br /> electronic formats. The cost of purchasing and maintaining the cash <br /> register/point-of-sale system shall be the sole responsibility of BCG. <br /> N. Deposit of Revenues. For the Term of this Agreement all receipts ("Gross <br /> Revenues") from whatever source (whether in cash, checks, money order, credit <br /> card or debit card) shall be deposited intact daily by BCG into the City's <br /> designated Operating Account. Such deposits shall be made daily and no later <br /> than the close of the following business day at the Facility in accordance with <br /> procedures prescribed by the City's Internal Control Manual (Exhibit B). <br /> Deposits shall be collected and deposited using a commercial armored-car service <br /> paid for by the City. All Gross Revenues deposited in the City's Operating <br /> Account shall be the sole property of the City. BCG will provide City with a <br /> daily summary of all receipts deposited into the City's Operating Account. The <br /> term "Gross Revenues" as used herein shall include the total aggregate amount of <br /> revenue for the business done, sales made, and services performed in, on, or from <br /> the Facility, both for cash and on credit, including, without limitation, all charges <br /> for green fees, practice range fees, membership fees, annual fees or passes, <br /> lessons, cart (power or pull) and other rentals, the gross amount received for <br /> merchandise, food and beverage, dues, gift certificate sales, and shall include all <br /> sums collected by BCG from the Facility's customers for all sales, use, value- <br /> included, and excise taxes on sales and rental where such taxes are both added to <br /> the selling price or charge or stated separately, and the gross amount charged from <br /> all other sources and income derived from activities in, on, or from the Facility. <br /> 7 <br />