As soon as practical upon the end of each fiscal year, the Downtown Development Authority shall submit to the City Council, with copies to each taxing jurisdiction, a report and audit on the status of the Tax Increment Fund. The report shall include the amount and source of revenue in the account, the amount and purpose of expenditures from the account, the initial and ending fund balance, the initial, current and captured equalized valuations of the development district, tax increments received by the Downtown Development Authority and those shared with the taxing jurisdictions and any additional information requested by the City Council or deemed appropriate by the Downtown Development Authority.
(Prior Code, § 1.295) (Ord. 426, passed 5-16-1983)