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2005/08/03 Council Agenda Packet
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2005/08/03 Council Agenda Packet
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Council Agenda Packet
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8/3/2005
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2 <br /> EXHIBIT D — VENDING ROYALTY SCHEDULE <br /> Accounting and Reporting <br /> Summit Vending will use up-to-date account management software to provide <br /> the City with accurate, detailed reporting and sales verification available. <br /> Summit will track individual machine performance as well as he sales and <br /> popularity of specific items within each machine. Any money collection a Summit <br /> Vending route driver reports will be compared to that reported digitally from each <br /> specific machine. This simple comparison virtually eliminates any margin for <br /> error in the collection, transfer and accountability of funds. <br /> Item Royalty Amount Payable to <br /> Beverages Thirty-nine point five percent City <br /> (39.5%) <br /> Ten percent (10%) Washington State Department <br /> of Services for the Blind <br /> (DSB) <br /> Snacks/Food Items Forty-two percent (42.5%) City <br /> Ten percent (10%) Washington State Department <br /> of Services for the Blind <br /> (DSB) <br /> � 3 <br /> Page 15 <br />
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