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5. Unless a different term is provided in other provisions of this Rule, licenses and <br />permits shall be issued on a fiscal year basis that commences on July 1 and expires on June 30 of <br />the following year. Unless otherwise provided in other provisions of this Rule, license and permit <br />fees shall be paid monthly, with the first month's fee paid at the time the license or permit is issued. <br />Thereafter, the fee shall be due within ten days following each month of operation, along with a <br />signed statement detailing the gross sales for the previous month's operation (if applicable). Any <br />additional fee, based on the previous month's percentage of gross sales is due and payable at this <br />time. Failure to maintain and submit accurate records and to make payments when due, may result <br />in cancellation of the license or permit. An application for extension or renewal of an existing <br />license must be submitted by May 1, accompanied by the required application fee. Failure to <br />submit all required application materials with the extension or renewal application prior to the end <br />of the current license term may result in the license being reviewed as a new application, and may <br />be subject to a new application fee. A licensee who submits an extension or renewal application <br />after May 1 may also be assessed a penalty fee of $10 per day for each day between May 1 and <br />the date the application is submitted. The license or permit term shall be specified on the license. <br />6. The revocation or suspension of a license or permit shall be governed by the <br />procedures set forth in EC 3.050 and 3.055. <br />7. Appeals of denials, revocations and suspensions of licenses or permits shall be <br />governed by the procedures set forth in EC 2.021. <br />R -3.336-D Records to be Maintained. <br />1. All licensees shall maintain complete and accurate records of all business <br />transactions indicating revenues and expenses associated with the licensed activity. <br />2. The records required herein shall be maintained by the licensee for a period of three <br />years from the date of the last entry. <br />3. The licensee must provide the City with access to the records, upon request, and <br />may, if requested by the City, be required to provide the City with financial information for <br />purposes of establishing license fees based on a percentage of revenues. Failure to do so, or to <br />maintain current records, may result in revocation of the license. <br />R -3.336-F. Compliance with Other Laws. <br />All licensees must comply with all City, County, State and Federal laws and regulations <br />applicable to the licensed activity, including Uniform Fire Code regulations. It is the responsibility <br />of each licensee to determine whether other regulations apply and that the licensee is in compliance <br />therewith. <br />Administrative Order - Page 8 of 29 <br />