§ 2-74. Contents of financial disclosure reports.

Each initial or annual financial disclosure report shall disclose, on a form provided by the City Clerk, the following information:

(a)

The reporting party's name;

(b)

The reporting party's employer;

(c)

The name of any entity (including self employment in the form of a sole proprietorship under a personal or assumed name) in which the reporting party or his or her spouse holds an economic interest;

(d)

The name of any entity which the reporting party knows is a partner, or a parent or subsidiary entity, of an entity owned by, operated by, or managed by the reporting party or his or her spouse;

(e)

The name of any person or entity from whom the reporting party or his or her spouse, directly or indirectly:

(1)

Has received and not rejected an unsolicited offer of subsequent employment; or

(2)

Has accepted an offer of subsequent employment which is binding or expected by the parties to be carried out;

(f)

The name of each nonprofit entity or other entity in which the reporting party serves as an officer or director, or in any other policy making position;

(g)

The name of each entity which has sought City business, has a current City contract or anticipates seeking City business in which the reporting party, the reporting party's parent, child or spouse is known to directly or indirectly own:

(1)

Ten (10) percent or more of the voting stock or shares of the entity, or

(2)

Ten (10) percent or more of the fair market value of the entity;

(h)

The name of any entity of which the reporting party, or the reporting party's parent, child or spouse, or entity disclosed is known to be:

(1)

A subcontractor on a City contract;

(2)

A partner; or

(3)

A parent or subsidiary entity.

(i)

The name of each source of income, other than dividends or interest, amounting to more than five thousand dollars ($5,000.00) received during the reporting period by the reporting party or his or her spouse, unless that source has been disclosed under subsections (b) through (h);

(j)

The identification by street address, or legal or lot-and-block description, of all real property located in the State of Texas in which the reporting party or his or her spouse has a leasehold interest, a contractual right to purchase, or an interest as: fee simple owner; beneficial owner; partnership owner; joint owner with an individual or corporation; or owner of more than twenty-five (25) percent of a corporation that has title to real property. There is no requirement to list any property:

(1)

Used as a personal residence of a peace officer;

(2)

Over which the reporting party has no decision power concerning acquisitions or sale; or

(3)

Held through a real estate investment trust, mutual fund, or similar entity, unless the reporting party or his or her spouse participates in the management thereof;

(k)

The name of persons or entities to whom the reporting party or spouse owes an unsecured debt of more than five thousand dollars ($5,000.00), except debts for:

(1)

Money borrowed from a family member from his or her own resources; and

(2)

Revolving charge accounts.

(l)

The name of each person, business entity, or other organization from whom the reporting party, or his or her spouse, received a gift with an estimated fair market value in excess of one hundred dollars ($100.00) during the reporting period and the estimated fair market value of each gift. Excluded from this requirement are:

(1)

Lawful campaign contributions which are reported as required by state statute or local ordinance;

(2)

Gifts received from family members within the second degree of affinity or consanguinity;

(3)

Gifts from an individual based on personal friendship who during the preceding three (3) calendar years: a) has not done or sought to do business with the City; b) has not sought City action on any issue before the City Council or any City board or commission; c) is not associated with any business or entity that has done or sought to do business with the City; and d) is not associated with any business or entity that has sought City action on any issue before the City Council or a City board or commission.

(4)

Gifts received among and between fellow City employees and City officials;

(5)

Admission to events in which the reporting party participated in connection with official duties;

(6)

Payment of or reimbursement of travel and accommodations expenses accepted in connection with official duties which have been reported under section 2-76 (Travel reporting requirements); payment for or reimbursement of expenses for travel in excess of authorized rates under City policy are gifts subject to the reporting requirements under this section.

(m)

The name of any person related as parent, child, or spouse to the reporting party and his or her employer; and

(n)

The name of any member of the reporting party's household not disclosed in subsection (m) above.

(Ord. No. 2013-05-09-0317, § 2(Att. B), 5-9-13; Ord. No. 2018-06-21-0491 , § 1(Att. A), 6-21-18)