Agenda Packets - 1986/10/06 - Laserfiche WebLink

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-3- OFFICE OF THE STATE AUDITOR INSTRUCTIONS FOR TAX INCREMENT FINANCING REPORTING pursuant to Minnesota Statutes Section 273.74. Subd. 6 (D..te) Under Minn. Stet. 1 273.74. Subd. 6 (sop; enclosed), the following reporting increment districts is required and takes the place of the annual former fnr tax in d.selosure report formerly filed with the Department of Energy and Ecnncmie Development or the State Planning Agency. TheSchreportdule has tweswo eandtUees oflPublicon te to Funds`hebmthasectionsaofmtheareport(2) a should be included in the administering authority's annual financial report and sent to the Office of the State Auditor, SSS Pack Street, St. Paul, MN 55103. Copies of both sections of the report should also be provided to the county and school district boards and to the governing body of the municipality, if the authority is not the municipality. The reports are due annually to the State Auditor on or before July I. Inclusion in the administering authority's annual financial report filed with the State Auditor sstisfies this requirement. The reporting is to be on the same basis of accounting as the annual financial report. Instructions :or Note to the Financial Statements General Instructions A note to the financial statements should be included for each tax increment district for each city, county or other local government with outstanding tax increment debt. If financial data on the administer?.ng authority are included in the financial statement of another entity (for example, an ERA included in e city financial statement), the note should appear in both statements. If the district has no long-tery debt, all information in the note (except the bonded debt data) is required to be reported in the Schedule of Sources and Uses of Public Funds. The Note uses the following terms: Administe-i�a Authority - she local government or agency responsible for admin- istering the district; the authority which adopted thly belthe ax ladministering ncrement neing Plan (Minn. Scat. i 273.74, subd. 1) w�lwill dbeaaicity , county, rural develop - authority. The administering s utho port ment financing authority, p authority, or housing and redeveldpment authority. plitnto Tvoe o� f Duct - by law, each district must qualify as a definitredevelions spa housing, or aeon development distrieThta:oNinninStatti1i273.173P,asubd, statutory language; for exact legal language, 10-12.