55B - RESO - WARNER ASSESSMENT DISTRICT

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(ii) file a report with the City certifying that the Annual Report has been provided to the MSRB pursuant to this Disclosure Agreement, and stating the date it was provided to the MSRB. Section 4. Content of Annual Reports. The City's Annual Report shall contain or incorporate by reference the following: (a) audited financial statements of the City, for the fiscal year most recently ended, prepared in accordance with generally accepted accounting principles as promulgated to apply to governmental entities from time to time by the Governmental Accounting Standards Board and reporting standards as set forth by the State Controller in "State of California Accounting Standards and Procedures for Cities," Audited financial statements of the City may be submitted separately and later than the Annual Report if they are not available by the filing date of the Annual Report. If the City's fiscal year changes, it shall give notice of such change in the same manner as for a Listed Event under Section 5(c); (b) the following additional items with respect to the Bonds and the property in the Assessment District subject to the levy of the Assessments: 1. the principal amount of Bonds outstanding as of the September 3 preceding the Amnial Report Date; 2, the balance in each fund under the Fiscal Agent Agreement as of the September 30 preceding the Annual Report Date; 3, an update of Tables 2, 4 and 5 in the Official Statement for the Bonds based on the assessed values within the Assessment District for the current fiscal year, the assessment levy for the fiscal year in which the Annual Report is being filed and the delinquency status for the current fiscal year; and 4. the status of any foreclosure proceedings being pursued by the City with respect to delinquent Assessments. Any or all of the items listed above may be set forth in one or a set of documents or may be included by specific reference to other documents, including official statements of debt issues of the City or related public entities or with respect to which the City is an `obligated person" (as defined by the Rule), which have been made available to the public on the MSRB's website. The City shall clearly identify each such other document so included by reference. (c) In addition to any of the information expressly required to be provided under subsections (a) and (b), the City shall provide such further infornation, if any, as may be necessary to make the. specifically required statements, in light of the circumstances under which they are made, not misleading. 55B -137