[Amended 6-2-2020 by Ord. No. 1883]
In addition to other contracting requirements imposed by state law or City ordinance, all contracts where the consideration is paid from funds of the City to nonprofit organizations authorized under the laws of Nebraska or any other state, or to for-profit corporations offering fire protection or rescue squad services, shall be in writing and contain express provisions requiring the contractor:
A. For contracts of $25,000 or more, to maintain an accounting of all expenditures made with City funds in a format prescribed by the City Finance Director. To make such records available to the City Finance Director or other authorized City representative, upon request. The accounting shall be updated regularly, and no less frequently than quarterly. All records shall be retained for the greater of the term of the contract or a period of five years.
B. For contracts of $25,000 or more, to submit an annual report to the City itemizing all expenditures of City funds in a format as prescribed by the City Finance Director.
C. For all contracts in which City funds are paid to the contractor for a specific use or purpose, the contractor is prohibited from using City funds in any way which is inconsistent with the specific use or purpose for which said funds were originally given without a written and properly executed modification of the contract approved in a manner consistent with the contract. Any amounts which are not used for the specific purpose outlined in the contract shall be reimbursed to the City.
D. Except for contracts with a purpose that expressly includes promoting the City's legislative interests, the contractor or anyone on the contractor's behalf is prohibited from spending any funds of the City to promote or oppose any matter before any legislative body or any matter appearing on an elective ballot.