ANNUAL REPORT BY MUNICIPALITY OR COUNTY

(a) On or before the 150th day following the end of the fiscal year of the municipality or county, the governing body of a municipality or county shall submit to the chief executive officer of each taxing unit that levies property taxes on real property in a reinvestment zone created by the municipality or county a report on the status of the zone. The report must include: (1) the amount and source of revenue in the tax increment fund established for the zone; (2) the amount and purpose of expenditures from the fund; (3) the amount of principal and interest due on outstanding bonded indebtedness; (4) the tax increment base and current captured appraised value retained by the zone; and (5) the captured appraised value shared by the municipality or county and other taxing units, the total amount of tax increments received, and any additional information necessary to demonstrate compliance with the tax increment financing plan adopted by the governing body of the municipality or county. (b) The municipality or county shall send a copy of a report made under this section to the comptroller.