(A) Statements. Except as provided in subsection (B), any ordinance or resolution, which requires the acceptance or expenditure of unbudgeted monies by the Metro Government, shall be accompanied by a financial impact statement, as provided in Exhibit A attached to Ordinance No. 11-2004, approved 2-9-2004, before the ordinance or resolution may be introduced before the Metro Council. Any amendment to an ordinance or resolution that modifies the financial impact statement shall require a corollary modification to such statement.
(B) Exception for annual operating and capital budget ordinances and acceptance of donations or grants. This section shall not apply to the Metro Government's annual operating and capital budget ordinances nor any resolution or ordinance, which provides for a donation or grant to the Metro Government, nor to any ordinance or resolution approving a collective bargaining agreement, unless the majority of the presiding committee votes to request a financial impact statement.
(C) Preparation or Review by the Office of Internal Audit. Any Council Member may make a motion at a Committee meeting to have the Metro Government's Office of Internal Audit prepare or conduct a review of the reasonableness of a financial impact statement. However, this motion will not be granted if two-thirds of Council Members in attendance at a Committee meeting vote against such motion. Any motion made pursuant to this section must be made prior to there being a call to vote on such ordinance or resolution in Committee, and such a motion shall not be in order at a regular Metro Council meeting. If such a motion is made in Committee, the ordinance or resolution shall automatically be tabled until the next regular meeting of the Committee, unless two-thirds of the Council Members in attendance at such Committee meeting vote against such motion.
(Lou. Metro Ord. No. 11-2004, approved 2-9-2004; Lou. Metro Am. Ord. No. 214-2011, approved 10-21-2011; Lou. Metro Am. Ord. No. 174-2014, approved 11-11-2014)