6.B.(2) Amendment to Parking Garage Management Agreement

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d) Account for parking receipts and operating expenditures as hereinafter provided; and e) Consult with the Commission on parking matters. 4) Budget: Within fifteen (15) days of the execution of this Agreement, and by June ls' of each contract year, Operator shall prepare and submit to the Commission a proposed Budget for the operation and maintenance of the Garages for the next year. The Commission shall advise the Operator of its approval or disapproval of the proposed Budget as soon as reasonably possible. Thereafter, the Operator shall manage the Garages pursuant to the agreed Budget. 5) Deposit of Revenues: The Operator shall deposit on a daily basis all revenues collected from the operation of the Garages into a bank account designated by the Commission, and shall provide, on a weekly basis, to the Commission an account, acceptable to the Commission, of the daily revenues so deposited. 6) Monthly Accounting/Reimbursement of Operation Expenses: a) The Operator shall keep a complete account of all revenues and expenses arising from the operation of the Garages including parking revenues, receipts, operating expenses, copies of daily sales reports, deposit slips and disbursements, and shall furnish the Commission, on or before the 15`x' day of each month, with a statement of such revenues and expenses for the preceding month, including receipts for expenses incurred. b) Within fourteen (14) days of the receipt of such monthly statement, the Commission shall reimburse Operator the full amount of all expenses incurred by the Operator in the preceding month for the operation of the Garages, including but not limited to expenses incurred for wages, payroll taxes, fringe benefits, workers' compensation, fidelity bonding, elevator maintenance, snow removal, garage utilities, one telephone business line, data processing, supplies, uniforms, tickets, incidental equipment and improvements, and parking equipment maintenance. c) The Commission reserves the right to deduct from such monthly reimbursement any expenses disputed by the Commission in good faith until any such dispute is resolved between the Operator and the Commission. 7) Management Fee: a) For services rendered by the Operator pursuant to this Agreement, the Commission agrees to pay a monthly management fee in accordance with the following schedule: 2