A state video franchise holder operating in the city shall pay to the city a franchise fee that is equal to five percent of the gross revenues of that state video franchise holder. The term “gross revenues” shall be defined as set forth in Public Utilities Code Section 5860. This fee shall be remitted quarterly to the city treasurer and must be received not later than forty-five days after the end of the preceding calendar quarter. The fee payment shall be accompanied by a summary that explains the basis for the calculation of the franchise fee. Unless construed otherwise by applicable law, the phrase “summary that explains the basis for the calculations,” as used herein and in Section 5.72.010, means the identification of the sources of revenue upon which the fee is based. (Ord. 1542 § 1 (part), 2010)