16.12.120 Approval of accounting system.
This section is included in your selections.
Contractors shall submit appropriate documentation prior to the award of contracts in which the Borough agrees to reimburse costs, confirming that:
A. The proposed contractor’s accounting system will permit timely development of all necessary cost data in the form required by the specific contract type contemplated; and
B. The proposed contractor’s accounting system is adequate to allocate costs in accordance with generally accepted accounting principles. (Ord. 2002-29 § 20, 2002; Ord. 82-69, 1982. 2004 Code § 16.30.120.)