§ 3.24.380. Cardrooms—Audit reports

Licensee shall arrange and pay for a certified public accountant, approved by the city council, to audit the books, documents, records and accounts relating to the gross cardroom revenue of the licensee at the end of the licensee's fiscal year. The report of such accountant and all work papers utilized in the preparation of such audit shall be submitted to the city council. The city council, or its designee, shall review the report and work papers and may require any further information from the licensee. The city council may submit such documents and information to a certified public accountant for review.

In addition to the audit required above, the books, records, and accounts of any cardroom may be audited by the city at any time. Upon request of the auditor, licensee shall provide to the auditor copies of licensee's state and federal income tax returns, which shall be kept confidential and shall not be disclosed other than as necessary to carry out the purposes if this section. In the event a city-conducted audit discloses an underpayment in excess of two percent in any one month, the full cost of the audit shall be borne by the licensee. Any information obtained pursuant to the provisions of this section or any statement filed by the licensee shall be deemed confidential and shall not be subject to public inspection except in connection with the enforcement or administration of the provisions of this chapter, or as may be required by the California Public Records Act.

(Ord. No. 333)