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6.4.13. - Page 31 <br />Sec. 32.173 Records and Audits <br />A. Each cannabis business shall maintain all records and documents required by this <br />Division and any City Manager regulations. <br />B. All records required by this Section shall be maintained by the cannabis business <br />for a period of five years and shall be made available by the cannabis business <br />upon request to the City Manager, any City official charged with enforcing the <br />provisions of these regulations, or any state official charged with enforcing state <br />law regarding commercial cannabis activity. <br />C. At the request of the City Manager, any City official charged with enforcing this <br />Division, or any state official charged with enforcing state law regarding <br />commercial cannabis activity, all records required by this Section shall be made <br />available in standard electronic format which shall be compatible with Microsoft <br />Office programs and which can easily be imported into either Excel, Access, or <br />any other contemporary software program designated by the City Manager. <br />D. In addition to all other formats that the cannabis business may maintain, all records <br />required by this Section shall be stored by the cannabis business at the location in <br />a printed format in a fire -proof safe or in an unalterable electronic format with a <br />documented system for regular information backup that is satisfactory to the City <br />Manager. <br />E. No later than September 30th of every year, each cannabis business shall file with <br />the City Manager an audit of its financial operations for the previous calendar year, <br />completed and certified by an independent certified public accountant in <br />accordance with generally accepted auditing and accounting principles. The audit <br />shall include but not be limited to a discussion, analysis, and verification of each <br />of the records required to be maintained in this Division. The information contained <br />in the audit shall be made available in standard electronic format which shall be <br />compatible with Microsoft Office programs and which can easily be imported into <br />either Excel, Access, or any other contemporary software program designated by <br />the City Manager. <br />Secs. 32.174 - 32.190 RESERVED <br />ATTY/ORD.470/RC AMENDING DIVISION 7 REGULATION OF CANNABIS BUSINESS <br />REV: 07-09-18 MI <br />Page 24 of 24 <br />