(a) Statements of financial interests shall contain the following information:
(1) The name, address and type of any professional, business or other organization (other than the city) in which the reporting individual was an officer, director, associate, partner, proprietor or employee, or served in any advisory capacity, and from which any income in excess of $1,000.00 was derived during the preceding calendar year, and the category of such income as specified in subsection (b);
(2) The nature of any professional, business or other services rendered by the reporting individual or by his or her spouse or domestic partner, or by any entity in which the reporting individual or his or her spouse or domestic partner has a financial interest, including the category of such financial interest as specified in subsection (b), the name and nature of the person or entity (other than the city) to whom or to which such services were rendered, and the category of the compensation as specified in subsection (b) if, during the preceding calendar year, (i) compensation in excess of $5,000.00 was received for professional or other services by the reporting individual, or by such individual’s spouse or domestic partner, or by an entity in which the reporting individual or his or her spouse or domestic partner has a financial interest and (ii) the person or entity was at any time in the preceding calendar year doing business with the city, or with the Chicago Transit Authority, Board of Education, Chicago Park District, Chicago City Colleges or the Metropolitan Pier and Exposition Authority.
(3) The identity of any capital asset, including the address or legal description of real estate, and the category of the capital gain realized as specified in subsection (b), from which the reporting individual realized a capital gain of $5,000.00 or more in the preceding calendar year other than from the sale of the reporting individual's principal place of residence;
(4) The name of any unit of government, other than the city, which employed the reporting individual during the preceding calendar year;
(5) The name of any board on which the reporting individual serves and the position of the reporting individual in such board;
(6) The name of any covered relative of the reporting individual who is registered as a lobbyist with the Board of Ethics, the Illinois Secretary of State, the Cook County Clerk, or any other unit of local government in the State, or who is an employee or full or part-owner of a city contractor;
(7) Any improper gift that the reporting individual received and disposed of in accordance with Section 2-156-144 because such gift was given in violation of this chapter;
(8) The name of any person from whom the reporting individual received during the preceding calendar year one or more gifts having an aggregate value in excess of $250.00, but not including gifts from relatives or domestic partners;
(9) The name and instrument of ownership in any person conducting business in the city, in which the reporting individual had a financial interest during the preceding calendar year. Ownership interests in publicly held corporations need not be disclosed;
(10) The identity of any financial interest in real estate located in the city, other than the principal place of residence of the reporting individual, and the address or, if none, the legal description of the real estate, including all forms of direct or indirect ownership such as partnerships or trusts of which the corpus consists primarily of real estate;
(11) The name of, and the nature of the city action requested by, any person which has applied to the city for any license or franchise, or any permit for annexation, zoning or rezoning of real estate during the preceding calendar year if the reporting individual has a financial interest in such person;
(12) The name of any person doing business with the city in relation to which person the reporting individual had a financial interest during the preceding calendar year, and the title or description of any position held by the reporting individual in such person;
(13) The name and instrument of debt of all debts in excess of $5,000.00 owed by the reporting individual, as well as the name and instrument of debt of all debts in excess of $5,000.00 owed to the reporting individual, but only if the creditor or debtor, respectively, or any guarantor of the debt, has done work for or business with the City of Chicago in the preceding calendar year. Debt instruments issued by financial institutions whose normal business includes the making of loans of the kind received by the reporting individual, and which are made at the prevailing rate of interest and in accordance with other terms and conditions standard for such loans at the time the debt was contracted need not be disclosed. Debt instruments issued by publicly held corporations and purchased by the reporting individual on the open market at the price available to the public need not be disclosed;
(14) Each City Council employee and City Council contractor shall identify the alderman or City Council committee or bureau for whom they work at the time of filing.
(b) For purposes of subsection (a), income, financial interest, compensation, and capital gain shall be categorized as follows;
(1) Income, financial interest, compensation or capital gain of $25,000.00 or more shall be Category A;
(2) Income, financial interest, compensation or capital gain of $5,000.00 or more but less than $25,000.00 shall be Category B; and
(3) Income, financial interest, compensation or capital gain of less than $5,000.00 shall be Category C.
(c) If a reporting individual adds a new reportable financial interest since the individual’s last filing, that individual must file a supplement to the individual’s current statement of financial interests on file with the Board of Ethics within 30 days of such occurrence, in a manner prescribed by the Board of Ethics.
(Prior code § 26.2-16; Added Coun. J. 5-16-90, p. 16204; Amend Coun. J. 12-10-97, p. 58942; Amend Coun. J. 4-29-98, p. 66709; Amend Coun. J. 6-23-04, p. 26935, § 7; Amend Coun. J. 7-25-12, p. 31123, § 1; Amend Coun. J. 7-29-15, p. 3567, § 1; Amend Coun. J. 4-10-19, p. 98807, § 1; Amend Coun. J. 12-18-19, p. 11945, § 1; Amend Coun. J. 7-20-22, p. 50671, § 1; Amend Coun. J. 9-18-24, p. 17377, § 1)