§ 7-16. Reports.

(a)

No later than March 31 of each year, a licensee shall submit a written report to the city, in a form directed by CAPA, which shall include:

(1)

A summary of the previous year's activities in development of this system, including but not limited to services begun or dropped, and subscribers gained or lost.

(2)

A financial statement, including a statement of income, a balance sheet, and a statement of sources and applications of funds, covering all years since the beginning of the license.

(3)

A current statement of cost of construction by component category.

(4)

A projected income statement, balance sheet, statement of sources and applications of funds, and statements of construction for the next two (2) years.

(5)

A reconciliation between previously projected estimates and actual results.

(6)

A summary of complaints, identifying the number and nature of complaints and their disposition.

(7)

A list of officers and members of the board of the licensee and the parent corporations.

(8)

A list of all limited partners and all stockholders holding one (1) percent or more of the voting stock of the licensee and any parent corporation.

(b)

CAPA shall specify the form and details of all reports. If directed by the CAPA or the council, and annual report shall be presented at a public hearing at which the licensee shall summarize the contents of the report and members of the general public may comment thereon.

(c)

A licensee shall prepare and furnish to the city, at the times and in the form prescribed by the city, such reports with respect to its operation, affairs, transactions, or property as may be reasonably necessary or appropriate to the performance of any of the functions of the city.

(Ord. No. 1757, § 33, 8-19-85; Ord. No. 2276, § 8, 2-20-90)