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(a) Continue the use of a cash register at the <br /> Transfer Station and institute accounting <br /> procedures which, in the opinion of the City <br /> Manager establish a reliable "audit trail." <br /> (b) Have an annual audited financial statement and <br /> operating schedules prepared after March 31 of <br /> each year. Collector shall select the auditor <br /> subject to approval by the City Manager. The <br /> statement shall be in a format, including detailed <br /> expense and revenue figures by service category, <br /> acceptable to the City Manager. No future rate <br /> increase shall be requested prior to the <br /> preparation of said report and its submittal to <br /> the City. <br /> (c) No capital expenditures of $10,000 or more shall <br /> be undertaken prior to the review and approval of <br /> said expenditure by the City Manager. If no <br /> approval is received within 10 working days, <br /> approval will be assumed. <br /> (d) The following items shall not be attributable to <br /> allowable expenses for rate making purposes: <br /> 1. Amortization of the covenant not to compete <br /> and Franchise Fee. <br /> 2. Two and one -half (2 -1/2) acres of land <br /> adjacent to, but not used in conjunction <br /> with, the Transfer Station. (Except for <br /> improvements related to Transfer Station <br /> expansion.) <br /> 3. Annual property taxes on the former Vineyard <br /> Avenue disposal site. (Except for <br /> improvements related to Dump Site closure.) <br /> 4. Annual property taxes on the 2 -1/2 acres <br /> mentioned in No.2. (Except for improvements <br /> related to Transfer Station expansion.) <br /> (e) The annual rate of return on equity shall not be <br /> less than 8% nor more than 16% as more <br /> particularly set forth in Exhibit A, attached <br /> hereto and incorporated herein by reference. <br /> 17 <br />