(Ed. note: The following is a portion of the draft audit report of the City of Evansville for 2007 and was presented on Thursday night at Finance Committee:)
"TIF Districts"
The City had a significant amount of financial activity in the TIF Districts during 2007. With regard to the Districts, we recommend the following:
The City should file annual reports with the overlying jurisdictions.
The City may need a statutory audit for TIF 5
The City should review the capital costs allocated in relation to the allocation of debt proceeds.
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