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<br />(1) Make full disclosure of the sources and uses of public funds in Tax <br />Increment Financing District No. 11; <br /> <br />(2) Permit comparison and reconciliation with the City's accounts and <br />financial reports; <br /> <br />(3) Permit auditing of the funds expended on behalf of Tax Increment <br />Financing District No. 11, or that is funded in part or whole through the use of a <br />development account funded with tax increments from other Tax Increment Financing <br />Districts or with other public money; and <br /> <br />(4) Be consistent with generally accepted accounting principles. <br /> <br />In addition, the report shall contain the following information: <br /> <br />(1) The original net tax capacity of Tax Increment Financing District No. 11 <br />and any district under Section 469.177, Subdivision 1; <br /> <br />(2) The net tax capacity for the reporting period of Tax Increment Financing <br />District No. 11 and any subdistrict; <br /> <br />(3) The captured net tax capacity of Tax Increment Financing District No. 11; <br /> <br />(4) Any fiscal disparities deduction from the captured net tax capacity under <br />Section 469.177, Subdivision 3; <br /> <br />(5) The captured net tax capacity retained for tax increment fmancing under <br />Section 469.177, Subdivision 2, paragraph (a), clause (1); <br /> <br />(6) Any captured net tax capacity distributed among affected taxing districts <br />under Section 469.177, Subdivision 2, paragraph (a), clause (2); <br /> <br />(7) The type of district; <br /> <br />(8) The date the City approved the Tax Increment Financing Plan and the date <br />of approval of any modification of the Tax Increment Financing Plan, the approval of <br />which requires notice, discussion, a public hearing, and findings under Subdivision 4, <br />paragraph (a); <br /> <br />(9) The date the City first requested certification of the original net tax <br />capacity of Tax Increment Financing District No. 11 and the date of the request for <br />certification regarding any parcel added to the Tax Increment Financing District No. 11; <br /> <br />(10) The date the County Auditor first certified the original net tax capacity of <br />Tax Increment Financing District No. 11 and the date of certification of the original net <br />tax capacity of any parcel added to Tax Increment Financing District No. 11; <br /> <br />1954494v3 <br />-172- <br /> <br />11 <br />