1. FINANCIAL MANAGEMENT GUIDE © Marin Management, Inc. 1 A. The Purpose of This Policy The purpose of this policy is to remain in compliance with regulatory requirements for business licenses and permits. B. Responsibilities The accounting administrator (general manager or office manager) is responsible for applying for, renewing and keeping records regarding all business licenses and permits. The accounting administrator is responsible for posting and filing business permits as required by law. The accountant is responsible for making payments for business licenses. Continue ► 7000. Introduction and General, 7050 Business Licenses and Permits

2. FINANCIAL MANAGEMENT GUIDE © Marin Management, Inc. 2 C. Summary of Business Licenses and Permits See your Hotel-specific Accounting Information Guide for a summary of the Hotel’s business licenses and permits.Hotel-specific Accounting Information Guide D. Procedure The accounting administrator keeps a chronological list of renewal dates for business licenses permits. He or she records those dates in Hotel Central. On the first day of every month, he or she checks the list for business licenses and permits that are about to expire and makes arrangements to renew the licenses. Continue ► 7000. Introduction and General, 7050 Business Licenses and Permits

3. FINANCIAL MANAGEMENT GUIDE © Marin Management, Inc. 3 E. Recordkeeping The accounting administrator keeps a separate electronic and/or paper file for each of the Hotel's business licenses and permits. Included in each file are copies of completed applications, renewal notices, copies of the current and past licenses and the payment vouchers of checks for the licenses and permits. He or she keeps expired business licenses and applications for three years. End 7000. Introduction and General, 7050 Business Licenses and Permits

4. FINANCIAL MANAGEMENT GUIDE © Marin Management, Inc. 4 7000. Introduction and General, 7050 Business Licenses and Permits