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SECTION 3. PLANS Page4 <br />REVENUE CONTROL PROCEDURES (CONTINUED) <br />CENTRAL FINANCIAL REPORTING SERVICES <br />No other parking operator provides auto- <br />mated online reporting of monthly state- 0-A a =: :.. •... , <br />ments. Client Webftlon"" Central Park- .0. <br />ing's proprietary web-based reporting sys <br />tem, provides our clients with a powerful <br />tool to track and access their - <br />parking fi- <br />nancial statements securely and accessibly <br />from their offices. City of Santa Ana will be <br />able to access WebVision'" via the Central'' °?*-- <br />MI]°fsfY °°f1 seAS.r,a-?, <br />Parking website. A password protected °°"?•?^?^? -M ?wMavo. <br />FAAra°.wz? °ut AFM Kt m FA <br />profit and loss statement for each man ..f..ff.?..,.. <br />ACWK •'?' ?a...Q . EMC" aged location is available as well as a con '°"•"""^'°" °"• - " '°"a -gym °•fl?,. ?,am VIRMPAM <br />..,!® <br />CwnfiO MACE °SJ lJiNm !-aOm Km WMJ m f%=W .1MW <br />solidated portfolio statement with multiple'- °•r +2.13m Nmm :.,am °ISim exam -=W <br />-L im Am wsao as MOD pam* <br />lots. Clients have the ability to "drill down" f °tM Ff ltAlA °t4t 0424 0"" We A <br />by revenue and expense line items. This, """"°'"?'°•^'•°°' <br />• 1101btilNt°M ' NANO NJObm e?f7 <br />feature allows the user to view the details • ?• ^ »A!O s°aa lift" <br />..r..,wwt.,a. fnAfr)awa_ ? <br />supporting each type of revenue and ex- <br />pense recorded on the financial report. For <br />expense items, the lowest level of drill <br />down is the actual scanned image of third party vendors. <br />INFORMATION TECHNOLOGY AND INTERNAL AUDIT <br />FinancialCentral"" is Central Parking's number 1 priority and is only complete with strong internal audits. Every location, <br />every city, every region, and every department is consistently tracked and audited as to the integrity of its financial <br />controls and its compliance to company's stringent reporting requirements. Central Parking has been an innovator of <br />monthly parking billing programs as well as standardized cash reporting, credit card transaction reporting and security as <br />well as activity reporting for every location. All Central Parking locations utilize the same procedures and information <br />technology. This is critical in maintaining consistency of systems for our clients' benefit as well as our internal audit <br />controls. Cash deposits, credit card transactions, and checks are monitored and reported on a da ly basis to insure <br />accuracy and security of our clients' funds. Central Parking has developed several internal control systems, including <br />CARS'"' - our industry standard monthly billing and account receivable program, TrinTech'M - our internal audit reporting <br />system that captures daily deposits of cash, credit and check per location and automatically compares to daily banking <br />transaction, and DCRm - our proprietary system of reporting every locations transactions and revenue. These step-by- <br />step procedures demonstrate Central Parking's detailed and extensive efforts to maintain cash control. Through our <br />TrinTechrm and DCR'"" information technology platforms, every location's activity and deposits are recorded and checked <br />daily. Central Parking's internal audit team provides surprise location and city audits to test compliance. Spot audits are <br />performed on a regular basis by Operations Manager and Regional Managers. <br />CENTRALIZED ACCOUNTS RECEIVABLE SYSTEM ("CARS") <br />Central Parking System's proprietary permit parker billing system is called CARST"'. CARS'"' is a <br />supercharged, Windows based program with a robust set of features which includes large scale <br />reporting capabilities. The CARS'"' application undergoes testing by outside auditors each year <br />to ensure the company compliance standards as well as credit card data ccmpliance. <br />PARKCENTRALTm - MONTHLY PARKING PAY-ON-LINE L??! <br />)I, <br />Central offers a convenient online payment option and other on-line benefits to its monthly <br />parkers. ParkCentral'"I can be accessed via the our website at www.parking.com by click- <br />ing on the Monthly Parker Online icon. Current Online Advantages: Manage own account <br />Review invoice at a glance - Enroll in e-Billing - Pay current invoice or se' up automatic <br />payments online Additional Features include: Corporate accounts can add, change, or Pay Onlinell <br />delete parkers o-iline - Update vehicle information - Set up auto-payments via credit card or electronic payment (ACH) - <br />Cancel account. <br />25A-92