Each alderman shall keep a complete, detailed and accurate record and documentation or substantiation records acceptable to the United States Internal Revenue Service supporting all expenditures from his or her aldermanic transportation and expense allowance and aldermanic contingency expense allowance. Each alderman shall keep the documentation or substantiation records for at least three years and such documentation or substantiation records may be examined by the comptroller or other appropriate official of the City of Chicago pursuant to the provisions of the Illinois Freedom of Information Act, as amended.
Each alderman shall establish an account at a recognized financial institution in the City of Chicago into which all funds received from the aforementioned expense allowances shall be deposited each month (referred to herein as the "aldermanic contingency account"). The aldermanic contingency account shall be used only for deposits and expenditures of the aforementioned aldermanic expense allowances and no other monies shall be deposited into the aldermanic contingency account.
(Prior code § 4-2.3; Added Coun. J. 6-27-90, p. 17885; Amend Coun. J. 3-31-04, p. 20916, § 4.1)