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Purpose:
• Help ensure financial disclosures are:
• Fair and accurate
• Promote compliance with all applicable federal and state securities laws
• Timely satisfy all contractual obligations
• Promote best practices.
• Establish, maintain, and evidence
• Compliance with the City’s internal procedures
• Document the process for preparing and reviewing disclosure documents
• Assist with overall compliance with all of its continuing disclosure.
Intent:
• Periodically review and modify the document
This document was prepared in concert with
the City’s bond counsel
Disclosure Working Group (DWG):
• Director of Fiscal Services (Chair), Assistant Director of Fiscal Services,
Accounting Manager / Controller or the designee
• Financial Advisor
• Bond / Disclosure Council (Consult)
Responsibilities :
• Compliance and promoting compliance with federal and state securities laws
• Coordinating with various departments of the City regarding the content of the
Disclosure Documents,
• Determining the content of the Disclosure Documents,
• Reviewing and revising drafts of the Disclosure Documents with Bond Counsel
and Disclosure Counsel
• Approving the final versions of the Disclosure Documents.
Primary Disclosure
• Bond Offering Documents
• Other Disclosure Documents
• Review Process
Continuing Disclosure
• Audited Financial Statements & Annual Report
• Event Notices
• Voluntary Filings with EMMA (Electronic Municipal Market Access system,
operated by the Municipal Securities Rulemaking Board)
• Rating Agency Presentations
• Investor Presentations
• Website Disclosure
Processes:
• Annual Review of Procedures:
• Annual Training:
• Record Retention
• Disclosure Agent
Continuing Disclosure Policy and Procedures

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Continuing Disclosure Policy and Procedures

  • 1.
  • 2. Purpose: • Help ensure financial disclosures are: • Fair and accurate • Promote compliance with all applicable federal and state securities laws • Timely satisfy all contractual obligations • Promote best practices. • Establish, maintain, and evidence • Compliance with the City’s internal procedures • Document the process for preparing and reviewing disclosure documents • Assist with overall compliance with all of its continuing disclosure. Intent: • Periodically review and modify the document This document was prepared in concert with the City’s bond counsel
  • 3. Disclosure Working Group (DWG): • Director of Fiscal Services (Chair), Assistant Director of Fiscal Services, Accounting Manager / Controller or the designee • Financial Advisor • Bond / Disclosure Council (Consult) Responsibilities : • Compliance and promoting compliance with federal and state securities laws • Coordinating with various departments of the City regarding the content of the Disclosure Documents, • Determining the content of the Disclosure Documents, • Reviewing and revising drafts of the Disclosure Documents with Bond Counsel and Disclosure Counsel • Approving the final versions of the Disclosure Documents.
  • 4. Primary Disclosure • Bond Offering Documents • Other Disclosure Documents • Review Process Continuing Disclosure • Audited Financial Statements & Annual Report • Event Notices • Voluntary Filings with EMMA (Electronic Municipal Market Access system, operated by the Municipal Securities Rulemaking Board) • Rating Agency Presentations • Investor Presentations • Website Disclosure Processes: • Annual Review of Procedures: • Annual Training: • Record Retention • Disclosure Agent