The definitions set forth herein apply to any capitalized term used in this Disclosure Policy unless otherwise defined herein. In addition to such terms and the terms defined above, as used in this Disclosure Policy, the following capitalized terms will have the following meanings:
“Auditor” means the independent auditor of the City.
“CAFR” means the Comprehensive Annual Financial Report annually prepared by the City’s Finance Department, which will include, if prepared, a statement of net position, a statement of revenues, expenses and changes in net assets for the primary government, statement of net position, a statement of revenues, expenses and changes in fund net position and statement of cash flows and a balance sheet statement and statement of revenues, expenditures and changes in fund balance for governmental funds. All such financial information will be prepared using generally accepted accounting principles as in effect from time to time and operating data and operating information ordinarily disclosed by municipal governments, and audited by a certified public accountant. The City may change the accounting principles used for preparation of such financial information so long as the City’s Finance Department includes as information provided to the public a statement to the effect that different accounting principles are being used, stating the reason for such change and how to compare the financial information provided by the differing financial accounting principles. For purposes of this Disclosure Policy, any reference herein discussing the submission of the CAFR will include therein all Operating Data.
“City” means Salt Lake City, Utah.
“City Council” means the City Council of Salt Lake City, Utah.
“City Attorney” means the City Attorney or Deputy City Attorney of the City.
“City Treasurer” means the Treasurer of the City or the Acting Treasurer of the City. If this position is vacant or eliminated, the Deputy Treasurer of the City or any other employee fulfilling the role of the City Treasurer of the City shall be responsible for performing the duties of the City Treasurer under this Disclosure Policy.
“CUSIP” means Committee on Uniform Securities Identification Procedures. An identification number assigned by the CUSIP Service Bureau to each maturity of an issue is intended to help facilitate the identification and clearance of securities.
“Disclosure Documents” means the official statements, offering and reoffering circulars, and similar disclosure documents prepared by or on behalf of the City in connection with the primary offering of its outstanding Obligations.
“Dissemination Agent” means that person designated in writing by the City to submit Disclosure Documents to EMMA.
“Employee” means any person who, as part of his or her employment with the City, has regular responsibility for the administration of matters related to Obligations.
“EMMA” means the Electronic Municipal Market Access system of the MSRB. Information regarding submissions to EMMA is available at http://emma.msrb.org/.
“Event” means any of the events listed in Schedule 1 of this Disclosure Policy.
“Financial Obligation” means a debt obligation or a derivative instrument entered into in connection with, or pledged as security or a source of payment for , an existing or planned debt obligation or a guarantee of a debt obligation or derivative instrument; provided, however, the term Financial Obligation does not include a municipal security as to which a final Disclosure Document has been provided to the MSRB consistent with the Rule.
“Chief Financial Officer” means the Chief Financial Officer of the City or the Acting Chief Financial Officer of the City, or a designated Chief Financial Officer.
“Fiscal Year” means the fiscal year of the City, being the period commencing on July 1 and ending on the following June 30.
“Mayor” means the Mayor of the City.
“MSRB” means the Municipal Securities Rulemaking Board or any other board or entity that succeeds to the functions currently delegated to the Municipal Securities Rulemaking Board by the Rule.
“Obligations” means any municipal securities issued by, or whose payment is guaranteed by, the City. A list of currently outstanding Obligations is set forth in Schedule 2 of this Disclosure Policy.
“Operating Data” means the City’s financial information and operating data disclosed pursuant to the City’s Undertakings and this Disclosure Policy.
“SEC’’ means the U.S. Securities and Exchange Commission.
“Undertakings” means those written continuing disclosure undertakings or agreements of the City to file certain annual operating and financial information and notice of the occurrence of certain material events executed in connection with the primary offering of certain Obligations. A list of currently applicable Undertakings and their respective Obligations is set forth in Schedule 2 of this Disclosure Policy.