[Ord. No. 09.36 §1, 12-14-2009; Ord. No. 11-23, 8-29-2011; Ord. No. 13-12, 7-8-2013; Ord. No. 15-10, 6-22-2015; Ord. No. 17-18 § 1, 7-24-2017; Ord. No. 17-22, 8-16-2017; Ord. No. 19-30, 8-26-2019; Ord. No. 20-32, 8-24-2020]
Declaration of Policy. The proper operation of municipal government requires that public officials and employees be independent, impartial, and responsible to the people; that government decisions and policy be made in the proper channels of the governmental structure; that public office not be used for personal gain; and that the public have confidence in the integrity of its government. In recognition of these goals, there is hereby established a procedure for disclosure by certain officials and employees of private financial or other interest in matters affecting the City.
Conflicts of Interest. The Mayor or any member of the Board of Aldermen who has a substantial personal or private interest, as defined by State law, in any bill shall disclose on the records of the Board of Aldermen the nature of his interest and shall disqualify himself from voting on any matters relating to this interest.
Disclosure Reports. Each elected official and the City Clerk shall disclose the following information by May 1 if any such transactions were engaged in during the previous calendar year:
For such person and all persons within the first degree of consanguinity or affinity of such person, the date and the identities of the parties to each transaction with a total value in excess of five hundred dollars ($500.00), if any, that such person had with the political subdivision, other than compensation received as an employee or payment of any tax, fee, or penalty due to the political subdivision, and other than transfers for no consideration to the political subdivision; and
The date and the identities of the parties to each transaction known to the person with a total value in excess of five hundred dollars ($500.00), if any, that any business entity in which such person had a substantial interest had with the political subdivision, other than payment of any tax, fee, or penalty due to the political subdivision or transactions involving payment for providing utility service to the political subdivision, and other than transfers for no consideration to the political subdivision; and
The Mayor and City Clerk shall also disclose by May 1 for the previous calendar year, the following information:
The name and address of each of the employers of such person from whom income of one thousand dollars ($1,000.00) or more was received during the year covered by the statement;
The name and address of each sole proprietorship that he owned; the name, address and the general nature of the business conducted of each general partnership and joint venture in which he was a partner or participant; the name and address of each partner or coparticipant for each partnership or joint venture, unless such names and addresses are filed by the partnership or joint venture with the Secretary of State; the name and address and general nature of the business conducted of any closely held corporation or limited partnership in which the person owned ten percent (10%) or more of any class of the outstanding stock or limited partnership units; and the name of any publicly traded corporation or limited partnership that is listed on a regulated stock exchange or automated quotation system in which the person owned two percent (2%) or more of any class of outstanding stock, limited partnership units, or other equity interests; and
The name and address of each corporation for which such person served in the capacity of a director, officer, or receiver.
Filing of Reports. The reports shall be filed with the City Clerk and with the Ethics Commission. The reports shall be available for public inspection and copying during normal business hours.
When Filed. The financial interest statements shall be filed at the following times, but no person is required to file more than one financial interest statement in any calendar year:
Each person appointed to office shall file the statement within thirty (30) days of such appointment or employment;
Every other person required to file a financial interest statement shall file the statement annually, not later than May 1, and the statement shall cover the calendar year ending immediately preceding December 31; provided, that any member of the Board of Aldermen may supplement the financial interest statement to report additional interests acquired after December 31 of the covered year until the date of filing of the financial interest statement.
Penalty. Any person obligated to file a financial interest statement who fails to do so within the time specified shall be subject to a fine of up to $500.00. In addition to said fine, any candidate for City elective office who fails to file a financial interest statement within the time specified shall be subject to disqualification as a candidate for such elective office. In addition to said fine, any elected official who fails to file a financial interest statement within the time frame specified shall be subject to removal from office under the procedures set forth elsewhere in the City Code.