Operating Proceeds Statement definition
Operating Proceeds Statement means, with respect to each Applicable Fiscal Year, the statement prepared by the City and delivered to the Taxing Entities in accordance with Section 7(c).
Operating Proceeds Statement means, with respect to each Applicable Fiscal Year, the statement prepared by the County and delivered to the Taxing Entities in accordance with Section 7(c).
Examples of Operating Proceeds Statement in a sentence
At the time of each distribution pursuant to subsection (a), the City shall provide to the Taxing Entities and the Auditor-Controller a statement prepared in accordance with sound accounting practice that provides the City’s calculation of the Interim Municipal Use Annual Operating Proceeds (the "Operating Proceeds Statement").