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<br />e <br /> <br />e <br /> <br />EXHIBIT B <br /> <br />DESCRIPTION OF ANNUAL FINANCIAL INFORMATION <br /> <br />The following information is referred to in Section 16 of this ordinance. <br /> <br />Annual Financial Statements and Operating Data <br /> <br />The financial information and operating data with respect to the City to be provided annually in accordance <br />with such Section are as specified and included in the Appendix or under the headings of the Official Statement <br />referred to below: <br /> <br />1. The audited financial statements of the City for the most recently concluded fiscal year. <br /> <br />2. The information included in the Official Statement under the headings "FINANCIAL <br />INFORMATION", "TAX COLLECTION PERIOD", "TAX COLLECTION RECORD", "TAX RATE <br />LIMITATIONS", "TAX RATE DISTRIBUTION", "TAX ADEQUACY", "CITY SALES TAX", "GENERAL <br />OBLIGATION BONDS AUTHORIZED BUT UNISSUED", "RATINGS ON OUTSTANDING GENERAL <br />OBLIGATIONS BONDS", "FLOATING DEBT OUTSTANDING", "PRINCIPAL TAXPAYERS", <br />"OVERLAPPING TAX RATE STATEMENT', "ESTIMATED DIRECT & OVERLAPPING DEBT <br />STATEMENT", "HISTORY OF GENERAL FUND REVENUE AND EXPENDITURES", and "REVENUE <br />BONDS AUTHORIZED BUT UNISSUED". <br /> <br />Accounting Principles <br /> <br />The accounting principles referred to in such Section are the accounting principles described in the notes to <br />the fmancial statements referred to in paragraph 1 above, as such principles may be changed from time to time to <br />comply with state law or regulation. <br /> <br />B-1 <br />