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34 <br />Accounting Standards Board or as otherwise provided under Minnesota <br />law, as in effect from time to time, or, if and to the extent such financial <br />statements have not been prepared in accordance with such generally <br />accepted accounting principles for reasons beyond the reasonable control <br />of the City, noting the discrepancies therefrom and the effect thereof, and <br />certified as to accuracy and completeness in all material respects by the <br />fiscal officer of the City; and <br />(B) To the extent not included in the financial statements referred <br />to in paragraph (A) hereof, the information for such fiscal year or for the <br />period most recently available of the type set forth below, which <br />information may be unaudited, but is to be certified as to accuracy and <br />completeness in all material respects by the City's financial officer to the <br />best of his or her knowledge, which certification may be based on the <br />reliability of information obtained from governmental or third party <br />sources: <br />Current Property Valuations; Direct Debt; Tax Levies & <br />Collections; Population Trend; and Employment/Unemployment. <br />Notwithstanding the foregoing paragraph, if the audited financial statements are not <br />available by the date specified, the City shall provide on or before such date unaudited financial <br />statements in the format required for the audited financial statements as part of the Disclosure <br />Information and, within 10 days after the receipt thereof, the City shall provide the audited <br />financial statements. <br />Any or all of the Disclosure Information may be incorporated by reference, if it is <br />updated as required hereby, from other documents, including official statements, which have <br />been submitted to each of the repositories hereinafter referred to under subsection (c) or the SEC. <br />If the document incorporated by reference is a final official statement, it must be available from <br />the Municipal Securities Rulemaking Board (the "MSRB"). 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 because the <br />operations of the City have materially changed or been discontinued, such Disclosure <br />Information need no longer be provided if the City includes in the Disclosure Information a <br />statement to such effect; provided, however, if such operations have been replaced by other City <br />operations in respect of which data is not included in the Disclosure Information and the City <br />determines that certain specified data regarding such replacement operations would be a Material <br />Fact (as defined in paragraph (2) hereof), then, from and after such determination, the Disclosure <br />Information shall include such additional specified data regarding the replacement operations. <br />If the Disclosure Information is changed or this Section 8 is amended as permitted by this <br />paragraph (b)(1) or subsection (d), then the City shall include in the next Disclosure Information <br />to be delivered hereunder, to the extent necessary, an explanation of the reasons for the <br />amendment and the effect of any change in the type of financial information or operating data <br />provided. <br />IFE <br />