All City officials shall annually file a financial disclosure
statement. The statements shall be filed with the City Clerk and shall
constitute an open public record. The statements shall contain the
following information:
A. Each source of income, earned or unearned, exceeding $2,000 received
by the City official or a member of his immediate family during the
preceding calendar year. Individual client fees, customer receipts
or commissions on transactions received through a business organization
need not be separately reported as sources of income. If a publicly
traded security is the source of income, the security need not be
reported unless the City official or member of his immediate family
has an interest in the business organization;
B. Each source of fees and honorariums having an aggregate amount exceeding
$250 from any single source for personal appearances, speeches or
writings received by the City official or a member of his immediate
family during the preceding calendar year;
C. Each source of gifts, reimbursements or prepaid expenses having an
aggregate value exceeding $400 from any single source, excluding relatives,
received by the City official or a member of his immediate family
during the preceding calendar year;
D. The name and address of all business organizations in which the City
official or a member of his immediate family had an interest during
the preceding calendar year; and
E. The address and brief description of all real property in the state
in which the City official or a member of his immediate family held
an interest during the preceding year.
As used in this chapter, the following terms shall have the
meanings indicated:
BUSINESS ORGANIZATION
Any corporation, partnership, firm, enterprise, franchise,
association, trust, sole proprietorship, union or other legal entity.
GOVERNING BODY
In the case of a municipality, the commission, council, board
or body, by whatever name it may be known, having charge of the finances
of the municipality, and, in the case of a county, the board of chosen
freeholders, or, in the case of a county having adopted the provisions
of the "Optional County Charter Law," P.L. 1972, c. 154 (N.J.S.A.
40:41A-1 et seq.), as defined in the form of government adopted by
the county under that act.
INTEREST
The ownership or control of more than 10% of the profits,
assets or stock of a business organization, but shall not include
the control of assets in a nonprofit entity or labor union.