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TIF District No. 3 -2 <br />showing the following:12 <br />1. tax increment received an expended in that year. <br />2. original value. <br />3. captured value. <br />4. amount of outstanding bonded indebtedness. <br />5. amount of the district's increments paid to other governmental bodies. <br />6. amount paid for administrative costs. <br />7. the sum of increments paid, directly or indirectly, for activities and improvements located outside <br />of the district. <br />8. indication of the amount of increased property taxes resulting from fiscal disparities election for <br />the district using forms and methods prescribed by the Commissioner of Revenue. <br />9. any additional information the City deems necessary. <br />2.15.3 Report to State Auditor <br />The City must annually submit to the State Auditor, on or before July 1, a financial report. The report <br />shall as nearly as possible:is <br />1. provide for full disclosure of the sources and uses of the public funds in the district; <br />2. permit comparison and reconciliation with the City's accounts and financial reports; <br />3. permit auditing of the funds expended on behalf of the tax increment district; and <br />4. be consistent with generally accepted accounting principles. <br />The financial report must also include the following: <br />1. the original net tax capacity of the district; <br />2 the captured net tax capacity of the district, including the amount of any captured net tax capacity <br />shared with other taxing districts; <br />3. for the reporting period and for the duration of the district, the amount budgeted under the tax <br />increment financing plan, and the actual amount expended for, at lest, the following categories: <br />a. acquisition of land and buildings through condemnation or purchase; <br />b. site improvements or preparation costs; <br />c. installation of public utilities, parking facilities, streets, roads, sidewalks, or other similar <br />public improvements; <br />d. administrative costs, including the allocated cost of the authority; <br />e. public park facilities, facilities for social, recreational, or conference purposes, or other <br />similar public improvements; <br />4. for properties sold to developers, the total costs of the property to the authority and the price paid <br />by the developer; <br />5. the amount of increments rebated or paid to developers or property owners for privately financed <br />improvements or other qualifying costs. <br />Pursuant to Minnesota Statutes, Section 469.175, subdivision 6a, the City must also annually report to <br />the State Auditor before or on July 1 of each year the following amounts for the entire City: <br />1. the total principal amount of nondefeased bonds that are outstanding at the end of the previous <br />'2 Minnesota Statutes, Section 469.175, subdivision 5. <br />13 Minnesota Statutes, Section 469.175, subdivision 6 and 6a. <br />Page 157 <br />2 -15 <br />