Agenda - Council - 06/22/2010 - Laserfiche WebLink

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· the amount of Operating Revenue collected, and · any other items requested by the City. 2. Documentation of: · major operational problems, · significant variations in ridership, Operating Revenues, and expenses, and · Customer complaints and commendations, along with descriptions of actions taken with respect to such items. The Contractor must handle all operational revenue and expenses accurately and consistent with generally accepted accounting principles. The Contractor shall prepare a summary report, on a calendar monthly basis, of the operational data specified in this section. The report shall be submitted along with each monthly payment request under section 7.03. 6.03 Invoice Documentation. The invoice documentation for each monthly payment request under section 7.03 must include the following operating statistics and information for the calendar month in question: · the Total Service Cost (as defined in section 7.01) for the period including credits for Total and Partial Missed Trips and Operating Revenue; · Operating Revenue during the period; · Reconciliation of reported passenger fares with reported NTD Revenue Hours and an explanation of any discrepancy; and · the Contractor's calculation of the amount owed by the City to the Contractor for the period. 6.04 Establishment and Maintenance of Information. The Contractor agrees to establish and maintain accurate, detailed, and complete separate books, accounts, financial records, documentation, and other evidence pertaining to: i) the transit services provided under the agreement, and ii) the receipt and expenditure of all funds received under the agreement. The Contractor shall establish and maintain all such information in accordance with generally accepted accounting principles and practices and shall retain intact all such information until the latest of: a. complete performance of the agreement; or b. six (6) years following the end of the term of the agreement; or c. if any litigation, claim, or audit is commenced during either such period, when all such litigation, claims or audits have been resolved. If the Contractor engages any subcontractors to perform any part of the transit services under the agreement, the Contractor agrees that the contract for such services shall include provisions requiring the subcontractor to establish and maintain information in accordance with the 14