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agrees that it will manage, operate, maintain and regulate the same as an

historical museum for the benefit of the general public and in accordance

with the provisions of Public Resources Code Section 5137.

5. ACCOUNTING RECORDS

5.01 Society shall be required to maintain a method of accounting.

which shall to the satisfaction of the Department of Parks and Recreation

-_ correctly and accurately reflect the gross receipts and disbursements· of

Society in connection with its operation. Such method shall include the

keeping- of the.following documents:

a. Regular books of accounting such as general ledgers.

· b. Journals including any supporting and underlying docu-

ments such as vouchers, checks, tickets,. bank statements,-etc .

. c.· State and Federal income tax returns and sales tax

returns and checks and other documel'l:_ts providiµg payment of sums shown which

shall be kept in confidence by County.

d. Annual profit and loss statement·.
e. Any other reporting records that the Department of Parks

and Recreation deems necessary for proper reporting of income and expenditure.

5.02 Society shall furnish the Department of Parks and Recreation

with an annual profit and loss statement and copies of other accounting

records and reports as required_by the State and Feder.al Governments regarding

the tax exemption status-and financial affairs of the Society. Such annual

report shall be made for the annual period connnencing on January 1 and

tenninating on December 31 and shall be filed with County not later than May

15 of each year. The first report hereunder shall cover the period beginning

with the effective date of this agreement and tenninating December 31 and

shall_be filed by Society by the following May 15.