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Pursuant to Minnesota Statutes, Section 469,175, Subdivision 6, the City must file with the State Auditor on or before July 1, an annual financial report for the Tax Increment Financing District No. 12. The report shall also be filed by the City with the school board and counter board. The report shall: (1) make full disclosure of the sources and uses of public funds in the Tax Increment Financing District No. 12; (2) permit comparison and reconciliation with the City's accounts and financial reports; ( 3) permit auditing of the funds expended on behalf of the Tax Increment Financing District No, 12, or that is funded in part or whole through the use of a development account funded with tax ,increments from other tax increment financing districts within Development District No. 1 or with other public money; and (4) be cons.Lstent with generally accepted accounting principles, In addition, the report shall contain the following infprmation (1) the Original Net Tax Capacity of the Tax Increment Financing District No. 12; ( ) the Captured Estimated Market Value of the Tax Increment Financing District Not 12, including the amount of any captured tax capacity shared with other tax districts; (3) the outstanding principal amount of tax increment bonds issued or other loans incurred to finance project costs in Tax Increment Financing District No. 12; (4) for the reporting period and for the duration of Tax Increment Financing District No* 12, the amount budgeted Ir under "the Tax Increment Financing plan, and the actual amount expended for, at Yeast, the following categories* (a) acquis ition of land and buildings through condemnation or purchase; (b) site improvements or preparation costs; {c} installation of public utilities or other public improvements; and (d) administrative costs, including the allocated cost of the City; ( 5 ) For properties sold to developers, the total cost