Res15 15450 - Laserfiche WebLink

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Section 3. Provision of Annual Reports. (a) The City shall, or shall cause the Dissemination Agent to , not later than the Annual Report Date, commencing with the report for the 2014-15 fiscal year, provide to the MSRB, in an electronic format prescribed by the MSRB, an Annual Report which is consistent with the requirements of Section 4. The Official Statement shall serve as the Annual Report for the 2014-15 fiscal year. Not later than 15 Business Days prior to the Annual Report Date, the City shall provide the Annual Report to the Dissemination Agent Of other than the City) . If by 15 Business Days prior to the Annual Report Date the Dissemination Agent (if other than the City) has not received a copy of the Annual Report, the Dissemination Agent shall contact the City to determine if the City is in compliance with the previous sentence.. The Annual Report may be submitted as a single document or as separate documents comprising a package, and may include by reference other information as provided in this Section 4; provided that the audited financial statements of the City may be submitted separately from the balance of the Annual Report, and later than the date required above for the filing of the Annual Report if not available by that date. If the City's fiscal year changes, it shall give notice of such change through the MSRB . The City shall provide a written certification with each Annual Report furnished to the Dissemination Agent to the effect that such Annual Report constitutes the Annual Report required to be furnished by the City hereunder. (b) If the City is unable to provide to the Repositories an Annual Report by the date required in subsection (a) , the City shall send a notice to the Municipal Securities Rulemaking Board and the appropriate State Repository, if any, in substantially the form attached as Exhibit A. (c) With respect to each Annual Report, the Dissemination Agent shall : (i) determine each year prior to the Annual Report Date the then-applicable rules and electronic format prescribed by the MSRB for the filing of annual continuing disclosure reports; and (ii) if the Dissemination Agent is other than the City, file a report with the City certifying that the Annual Report has been provided under this Disclosure Certificate, and stating the date it was provided and listing all the Repositories to which it was provided. Section 4. Content of Annual Reports . The City's Annual Report shall contain or incorporate by reference the following : (a) Audited Financial Statements prepared in accordance with generally accepted accounting principles as promulgated to apply to governmental entities from time to time by the Governmental Accounting Standards Board. If the City's audited financial statements are not available by the time the Annual Report is required to be filed under Section 3(a) , the Annual Report shall contain unaudited financial statements in a format similar to the financial statements contained in the final Official Statement, and the audited financial statements shall be filed in the same manner as the Annual Report when they become available. (b) To the extent not contained in the audited financial statements filed under the preceding clause (a) , the Annual Report shall contain information showing the following: -2-