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statement of operations, changes in fund balances and cash flows for the fiscal <br /> • year then ended, showing in comparative form such figures for the preceding <br /> fiscal year of the City,prepared in accordance with generally accepted accounting <br /> principles promulgated by the Financial Accounting Standards Board as modified <br /> in accordance with the governmental accounting standards promulgated by the <br /> Governmental Accounting Standards Board or as otherwise provided under <br /> Minnesota law, as in effect from time to time, or, if and to the extent such <br /> financial statements have not been prepared in accordance with such generally <br /> accepted accounting principles for reasons beyond the reasonable control of the <br /> City, noting the discrepancies therefrom and the effect thereof, and certified as to <br /> accuracy and completeness in all material respects by the fiscal officer of the <br /> City; and <br /> (B) To the extent not included in the financial statements referred to in <br /> paragraph(A) hereof, the information for such fiscal year or for the period most <br /> recently available of the type set forth below, which information may be <br /> unaudited,but is to be certified as to accuracy and completeness in all material <br /> respects by the City's financial officer to the best of his or her knowledge, which <br /> certification may be based on the reliability of information obtained from <br /> governmental or third party sources: <br /> • Current Property Valuations <br /> • Direct Debt <br /> • Tax Levies and Collections <br /> • Population Trend <br /> • Employment/Unemployment <br /> Notwithstanding the foregoing paragraph, if the audited financial <br /> statements are not available by the date specified, the City shall provide on or <br /> before such date unaudited financial statements in the format required for the <br /> audited financial statements as part of the Disclosure Information and, within 10 <br /> days after the receipt thereof, the City shall provide the audited financial <br /> statements. <br /> Any or all of the Disclosure Information may be incorporated by <br /> reference, if it is updated as required hereby, from other documents, including <br /> official statements, which have been submitted to each of the repositories <br /> hereinafter referred to under subsection (b) or the SEC. If the document <br /> incorporated by reference is a final official statement, it must be available from <br /> the Municipal Securities Rulemaking Board. The City shall clearly identify in the <br /> Disclosure Information each document so incorporated by reference. <br /> If any part of the Disclosure Information can no longer be generated <br /> because the operations of the City have materially changed or been discontinued, <br /> such Disclosure Information need no longer be provided if the City includes in the <br /> Disclosure Information a statement to such effect; provided, however, if such <br /> -18- <br />