Correspondence 1989-1992 Waldron

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� � � Pu.rsuant to Minnesota Statutes, Sectien A ditor5�on uo rlbefore 6, the City must file with the Stat July 1, an , annual financial reporto t rshall also Iberfiled Financing District No. 12. The rep by the City with the school board and county board. The r�port shall: (1) make full disclosure of .thncinurDistrict No.s 12f public funds in the Tax Increment Fina g �2� permit comparison and reconciliation with the City's accounts and financial reports; of the funds expended on behalf of �3) permit auditing or that is the Tax Increment Financ t�g o � htthe use. of 2 a development funded in part or whole g account funded with tax increments fro� Di tri t Nocr 1 eor financing districts within Developmen with other public money; and �4) be consistent with generally accepted accounting principles. In addition, the report shall contain the following information: �1) the Original Net Tax Capacity Increment Financing District No. 12; of the Tax �2) the Captured Estimated �ainclud ng thefamountTof Increment Financing District No. 12, any captured tax capacity shared with ather tax districts; (3) the outstanding principal amount of tax increment bonds issued or other loans incurr�dct Nof 12nce project costs in Tax Increment Financing Dist (4) for the reporting period and for the duration of Tax Increment Financing District No• �'Pian he a d u he uactuaa under the Tax Increment Financing ► amount expended for, at least, the following categor�es: �a) acquisition of land and buildings through condemnation or purchase; �b) site improvements or preparation costs; �� installation of public utilities or other public improvements; and �d) administrative costs, including the allocated cost of the City; �5� Fo� properties sold to developers, the total cost