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34 provides to the Registrar evidence of such beneficial ownership in fonn and substance reasonably satisfactory to the Registrar. As used herein, Beneficial Owner means , in respect of a Bond , any person or entity which (i) has the power, directly or indirectly, to vote or consent with respect to , or to dispose of ownership of, such Bond (including persons or entities holding Bonds through nominees, depositories or other intennediaries), or (ii) is treated as the owner of the Bond for federal income tax purposes. (b) Infonnation To Be Disclosed . The City will provide, in the mal1l1er set forth in subsection (c) hereof, either directly or indirectly through an agent designated by the City, the following infonnation at the following times: (I) on or before 12 months after the end of each fiscal year of the City, commencing with the fiscal year ending December 3 I , 20 I 4, the following financial infonnation and operating data in respect of the City (the Disclosure lnfonnation): (A) the audited financial statements of the City for such fiscal year, prepared in accordance with generally accepted accounting principles in accordance with the governmental accounting standards promulgated by the Governmental Accounting Standards Board or as otherwise provided under Mil1l1esota law , as in effect from time to time, or, if and to the extent such financial statements have not been prepared in accordance with such generally accepted accounting principles for reasons beyond the reasonable control of the City, noting the discrepancies therefrom and the effect thereof, and certified as to accuracy and completeness in all material respects by the fiscal officer of the City; and (B) to the extent not included in the financial statements referred to in paragraph (A) hereof, the infonnation for such fiscal year or for the period most recently available of the type contained in the Official Statement under headings : Current Property Valuations ; Direct Debt ; Tax Levies and Collections; Population Trend and EmploymentlUnemployment Data. Notwithstanding the foregoing paragraph, if the audited financial statements are not available by the date specified, the City shall provide on or before such date unaudited financial statements in the fonnat required for the audited financial statements as part of the Disclosure lnfonnation and, within 10 days after the receipt thereof, the City shall provide the audited financial statements. Any or all of the Disclosure lnfonnation may be incorporated by reference, if it is updated as required hereby, from other documents, including official statements, which have been filed with the SEC or have been made available to the public on the Internet Web site of the Municipal Securities Rulemaking Board (MSRB). The City shall clearly identify in the Disclosure lnfonnation each document so incorporated by reference. Ifany part of the Disclosure Infonnation can no longer be generated because the operations of the City have materially changed or been discontinued , such Disclosure lnfonnation need no longer be provided if the City includes in the Disclosure lnfonnation a statement to such effect ; provided , however, if such operations have been replaced by other City operations in respect of which data is not included in the Disclosure Infonnation and the City detennines that certain specified data regarding such replacement operations would be described in paragraph (2) hereof, then, from and after such detennination , the Disclosure Infonnation shall include such additional specified data regarding -I 8-