§ 2-250.42. Contents of financial disclosure reports.

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

(a)

The reporting party's name;

(b)

The name of any person related to the reporting party:

(1)

As parent, child, or spouse; or

(2)

Otherwise within the second degree of consanguinity or affinity;

(c)

The name of any member of the reporting party's household not disclosed under subsection (b) of this rule;

(d)

The name of any employer of any person disclosed under subsections (a) or (b)(1) of this rule;

(e)

The name of any business 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 hold an economic interest;

(f)

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

(g)

The name of any person or business 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 business opportunities; or

(2)

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

(h)

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

(i)

The name of each business entity in which any individual listed in subsection (a) or (b)(1) is known to directly or indirectly own:

(1)

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

(2)

Ten (10) percent or more, or fifteen thousand dollars ($15,000.00) or more, of the fair market value of the business entity;

(j)

The name of any business entity of which any individual or entity disclosed under subsection (a) or (i) is known to be:

(1)

A subcontractor on a city contract; or

(2)

An affiliated business or partner;

(k)

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 (a) through (j) of this rule;

(l)

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

(m)

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), other than debts for:

(1)

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

(2)

Revolving charge accounts.

(n)

The name of each person, business entity, or other organization from whom the reporting party and his or her spouse received one or more gifts with a total estimated fair market value in excess of two hundred fifty dollars ($250.00) during the reporting period and the estimated fair market value of those gifts. Excluded from this requirement are:

(1)

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

(2)

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

(3)

Ordinary social hospitality; and

(4)

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

(Ord. No. 06-22, § 1(part G, § 2), 9-5-2006)