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<br />. <br /> <br />e <br /> <br />EXHIBIT B <br /> <br />DESCRIPTION OF ANNUAL FINANCIAL INFORMATION <br /> <br />The following information is referred to in Section 18 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 DATA", "TAX RATE DISTRIBUfION", "CITY SALES TAX", <br />"GENERAL OBLIGATION BONDS AUfHORIZED BUT UNISSUED", "ESTIMATED DIRECT AND <br />OVERLAPPING DEBT STATEMENT", "PRINCIPAL REPAYMENT SCHEDULE", and "ESTIMATED DEBT <br />SERVICE REQUIREMENT SCHEDULE." <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 financial 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 />063939.0001 AUSTIN 280348 v2 <br /> <br />B-1 <br />