Res18 15642 - Laserfiche WebLink

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-3- Section 4. Content of Annual Reports. The Annual Report for the Participating Member shall contain or incorporate by reference the following: (a) The Participating Member’s 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 Participating Member’s audited financial statements are not available by the Annual Report Date, 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) Unless otherwise provided in the audited financial statements filed on or before the Annual Report Date, financial information and operating data with respect to the Participating Member for the preceding fiscal year, substantially similar to that provided in the corresponding tables in the Official Statement: (i) revenues by class of user for the Sewer Utility System for the most recently completed fiscal year; (ii) the top ten Sewer Utility System users by revenue for the most recently completed fiscal year; (iii) a description of any revisions to the wastewater rates which were adopted or which took effect during the most recently completed fiscal year; (iv) the Sewer Utility System’s revenues and expenses and Net Revenues, including debt service and coverage ratios, for the most recently completed fiscal year; and (v) a description of any additional indebtedness incurred by the Participating Member during the most recently completed fiscal year which is payable from revenues of the Sewer Utility System. (c) In addition to any of the information expressly required to be provided under this Disclosure Certificate, the Participating Member shall provide such further material information, if any, as may be necessary to make the specifically required statements, in the light of the circumstances under which they are made, not misleading. (d) Any or all of the items listed above may be included by specific reference to other documents, including official statements of debt issues of the Participating Member or related public entities, which are available to the public on the MSRB’s Internet web site or filed with the Securities and Exchange Commission. The Participating Member shall clearly identify each such other document so included by reference. Section 5. Identifying Information for Filings with the MSRB. All documents provided to the MSRB under the Disclosure Certificate shall be accompanied by identifying information as prescribed by the MSRB.