Res 2005-127 - Laserfiche WebLink

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City of San Marcos/Guadalupe-Blanco River Authority Water Treatment Facilities Service Contract Article VI - Management and Operation a format consistent with similar reports the Authority prepares for other operations and an annual income statement prepared in accordance with generally accepted accounting principles showing profit or loss under this Service Contract. The annual statement may be based upon the Authority's fiscal year. (E) Inspection. Audit and Ad;ustment. The City shall have the right to perform or commission an inspection or an independent audit of the fmancial information required to be kept under this Section, subject to possible reimbursement as provided in this Section. The inspection or audit of any fmancial information shall be conducted no later than three years following the year in which fmancial transactions were incurred that are the subject of the financial information. If an inspection or audit reveals that the City has overpaid the Service Fee, then the Authority shall, at the election of the City, either immediately reimburse to the City or offset against future Service Fee payments, as a Service Fee adjustment, the overpaid amount. If an inspection or audit reveals that the City has underpaid the Service Fee, then the City shall immediately pay the underpaid amount. The foregoing remedies shall be in addition to any other remedies the City may have, including remedies for an Event of Default by the Authority. SECTION 6.15. PERIODIC REPORTS. (A) Monthlv Operations. The Authority shall provide the City with monthly operations reports no later than 15 days after the end of each calendar month, including the following operating data: (1) a summary of all notices and laboratory, test and other reports filed with or received from all Govemmental Bodies pursuant to the Govemmental Approvals; (2) a summary of the quantities and characteristics of Finished Water received and distributed, and the quantity of Unaccounted-For Water produced during such month; (3) a summary of quantities and types of chemicals and other agents used in the treatment of Finished Water; (4) a summary of operational issues, including personnel and Utility usage; (5) a description of any complaints received by the Authority in relation to the Contract Services and of how each complaint was addressed by the Authority; (6) a brief description of the maintenance, repair and replacement activities performed and Capital Modifications made by the Authority during the prior month and anticipated during the current month; (7) any adverse conditions which may reasonably be expected to arise during the current month that may affect the ability of the Authority to collect, receive, and treat Well Water and to distribute Finished Water in accordance herewith; 46