Every elective officer shall, on or before the first day of July of each year, file a sworn statement with the City Clerk which shall list the following information:
(a) The name of every employer who has reported earnings of the elective official for federal income tax purposes during the employee’s previous taxable year.
(b) The source of certain earnings from self- employment to the extent that the amount received from single sources during the elective official’s previous taxable year exceeded the amount of annual compensation provided for a member of the City Council during the current year. If the disclosure of the name of a person would violate a professional confidence, the elective official shall indicate that the information is privileged and shall place the privileged information in a sealed envelope in the custody of the City Clerk where it shall be kept for one year and one day before being destroyed. The envelope shall never be unsealed unless so ordered by a court of competent jurisdiction.
(c) The name of every corporation or other business in which the elective officer is a director or officer, or has an interest worth more than $25,000.00.
(d) The address or legal description of every parcel of land within the City of Flint valued at more than $2,500.00 in which the elective officer has an interest.
(e) The source of loans of more than $1,000.00 or gifts of more than $100.00 received during the previous 365 days from persons other than persons who reside or at some time resided in the same household as the elective officer and other than State recognized lending institutions in the case of loans.
(Ord. 2635, passed 5-8-1978)