11) Section 10.2(b) Financial Information is deleted and replaced with the following:

City Council · 2026-04-20 · agenda_item

This agenda item concerns a proposed change to financial reporting requirements for a company providing services to Elavon. The company will be required to provide audited financial statements, including profit and loss statements and balance sheets, to Elavon annually. This is a planned procedural update to an existing agreement. The work involved includes the preparation and auditing of financial statements. Businesses that could be involved include accounting firms and potentially legal services for contract review. Early engagement with the company may provide an advantage as these requirements are being finalized.

fiscal year end

120 days