Specifications include, but are not limited to: A. Financials – Expenses, Audits, and Revenues a) An annual certified audit shall be submitted to the County no later than 60 days after the end of each Contract year and at the Management Firm’s expense. The report shall include a profit/expense disclosure as related to the operations and management of the golf course. The County reserves the right to audit the records of the Management Firm at any reasonable time during normal business hours. The Management Firm shall keep all financial records on the premises at all times and if requested by DeKalb County, will provide to the County at no cost. b) A financial statement identifying all revenues and sources shall be provided on a quarterly basis to the County along with the quarterly revenue check. The statement should include revenues collected from annual membership passes, tournaments, all fees collected for daily play, driving range, all food and beverage and all pro shop merchandise sales. c) A financial statement identifying all expenses shall be submitted with the quarterly revenue payment. The statement should include payment of any utility bills, leasing of golf carts, club house/cart barn expenses, cost of goods for food and beverage sales and all costs of merchandise purchased for sale in the pro-shop.
