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11• accuracy of the figures and calculations upon which the change in rates ® is based, and that the change will not cause the utility to exceed the range of its last authorized rate of return. (c) If, within 24 months of an adjustment in the rates as • authorized by this subsection, the Hoard shall find that a utility did thereby exceed the range of its last authorized rate of return, it may order the utility to refund the difference to the rate payers. This provision shall not be construed to require a bond or corporate undertaking not otherwise required. 0 A (d) Notwithstanding anything herein to the contrary, n" r utility may adjust its rates under this subsection more than two times ` in any 12 month period. CONNEC.'TION CHARGE/CAPACITY DEMAND FEE C_rnection .^.,ha -c- sl -.all be eStZ=biisit;i by public hearing prior to system going into operation. FRhMMTCR rM 1. The Utility hereby agrees to pay to the County a franchise fee in the amount of six percent (6%) of the Utility's annual gross receipts, (or the sum of five hundred dollars ($500), whichever is greater), derived from monthly service charges to defray the cost of regulation and for use of County rights-of-way and public places. The Utility shall pay the 6% franchise fee quarterly. Said fee shall be shown as a separate additional charge on utility bills. 2. The Utility shall supply the County with a copy of the Utility's annual report and financial statements. All records and all accounting of Utility shall be in accordance with the Uniform System of Accounts of the National Association of Regulatory Utilities Commissioners and general accepted accounting principles. Within ninety (90) days after close of fiscal year, the Utility shall submit financial statements prepared by a CPA and in accordance with general accepting acouunting standards and NARUC. Upon demand by the Board the Utility will submit audited financial statements certified by a CPA. Also; a letter frau a CPA certifying that the six percent (6%) franchise fee and the two and one-half percent (2'h$) renewal and replacement account has been collected and disbursed in accordance with the terms of this Agreement. SECTION XVI Escrow Charges 1. The Utility agrees to pay a fee in the amount of the currently imposed contribution in aid of construction for each unit in effect at the time of the issuance of a certificate of occupancy, as a ,.utioli in aid of construction charge (for future connection to County water distribution mains or wastewater collection systems) as 10