Each year not later than December 1, the comptroller, and/or her or his designees shall undertake a review of the city's outstanding obligations and undertakings to determine what operating data must be submitted to comply with its undertakings. Such operating data may be updated or submitted as part of its CAFR or it may be provided to EMMA in a supplemental report.
Not later than December 31 following the end of each fiscal year of the city, while any obligations remain outstanding, the comptroller shall submit or cause the city's CAFR to be submitted to the MSRB through EMMA as follows:
The comptroller shall provide copies of the CAFR to the city's dissemination agent not less than ten (10) days prior to the above deadline for the submission of the CAFR and the supplemental report to the MSRB and shall simultaneously request a written confirmation from the dissemination agent that such filing has occurred within five (5) days after the submission of the CAFR.
Not more than five (5) days after the submission of the CAFR to the MSRB, the dissemination agent shall provide to the comptroller written confirmation that the CAFR and the supplemental report has been submitted and filed properly with the MSRB through EMMA.
In the event that the CAFR is not completed in time to submit the CAFR to the MSRB through EMMA within the time specified in this section, the comptroller will file or cause to be filed a notice of occurrence of such event in accordance with the policy and procedures set forth under section 1190-4, "Periodic Reporting Of Events", of this disclosure policy and in accordance with the rule, and the city's CAFR shall be submitted as soon as it is available.
The CAFR may be provided to the MSRB through EMMA in one document or a set of documents submitted to the MSRB, or may be included by specific reference to documents available to the public on the MSRB's internet website or filed with the SEC. The comptroller shall clearly identify each such other document provided by cross reference.
The city's CAFR shall be prepared in accordance with generally accepted accounting principles as in effect from time to time and operating data and operating information ordinarily disclosed by municipal governments. The CAFR shall be audited by a certified public accountant prior to its submission to the MSRB.
The city's CAFR may be incorporated by reference to other documents, including disclosure documents of debt issues with respect to which the city is an "obligated person" (as defined by the rule), which have been filed with the MSRB through EMMA or the SEC. The comptroller shall clearly identify each such other document so incorporated by reference. In the event that the comptroller determines to so incorporate by reference the CAFR, the comptroller shall also file a notice through EMMA indicating that the city's CAFR for that year is contained in documents filed with the SEC or with the MSRB through EMMA. (Eff. 12-23-2016)