A. The city shall have the right to audit the matters referred to in any return and to determine the correctness of the figures set forth in such return and the amount payable to the city pursuant to the provisions of Section 3.10.030.

B. The books, records and accounts of any permittee may be inspected and audited by the city.

C. Such an inspection and audit may be performed by the city manager of city, city auditor or a qualified accountant or city official who shall be selected by the city manager.

D. To facilitate such audits, the permittee shall keep complete records of all transactions related to the receipt or disbursement of funds arising out of or related to cardroom operations during the preceding three-year period. All such records shall be made available to the city for audit at the permittee’s place of doing business after reasonable prior notice.

E. Any failure or refusal of any permittee to make and file any statements as required within the time required, or to pay such sums by way of taxes when the same are due and payable in accordance with the provisions of this chapter, or to permit such inspection of such books, records and accounts of such permittee shall be and constitute full and sufficient grounds for suspension or revocation of any cardroom permit issued to the permittee pursuant to Chapter 5.32.

F. If an audit shall show that the permittee has understated the amount of gross gaming revenues derived from the cardroom business by more than two percent, permittee shall immediately pay to city the cost of the audit as well as the additional tax. (Ord. 2013-07 § 1, 2013)