(a) The statement filed by a municipal officer or candidate under this chapter shall be an accurate representation of the financial affairs of the municipal officer or candidate and shall also reflect the business interests and sources of income for the officer's or candidate's dependent children (covered individual), to the extent those sources of income or business interests are ascertainable by the officer or candidate. Household goods and personal effects need not be identified.
(b) The statement filed shall include the following information relating to the covered individual.
(1) The source of all income over $5,000 during the preceding calendar year, received by the covered individual, including taxable and nontaxable capital gains, except:
a. A source of income that is a gift to a covered individual from any person other than the covered individual's spouse, domestic partner, parent, child, sibling, grandparent, aunt, uncle, niece or nephew must be included if the value of the gift exceeds $250;
b. A source of income that is rental income from the renting of residential real property shall only identify the physical address and legal description of the real property;
c. A source of income that is child support or alimony need not be identified;
d. A source of income that is a refund from the Internal Revenue Service need not be identified.
(2) The identity, by name and address, of each business in which the covered individual has an interest or was a stockholder, owner, officer, director, partner, proprietor, or employee during the preceding calendar year, except:
a. An interest of less than $5,000 in the stock of a publicly traded corporation need not be included;
b. Interests in a mutual fund need not separately identify the stock of publically traded corporations held by the mutual fund.
(3) The identity and nature of each interest in real property located within the boundaries of the city, including leases, rentals and options to buy, which is owned, held, or possessed at any time during the preceding calendar year by the covered individual;
(4) The identity of each trust or other fiduciary relation in which the covered individual held a beneficial interest exceeding $5,000 during the preceding calendar year, a description and identification of the property contained in each trust or relation, and the nature and extent of the beneficial interest in it;
(5) Any loan or loan guarantee with an unpaid balance of more than $5,000 made to the covered individual, and promissory note signed or debt obligation incurred by the covered individual of more than $5,000, and the identity of each lender, guaranteed party, payee, or other creditor to whom the covered individual owed more than $5,000; except:
a. Credit card accounts;
b. Revolving charge accounts;
c. Health care bills and obligations;
d. Internal Revenue Service obligations; and
e. Child support and alimony obligations.
(6) A list of all contracts and offers to contract with a municipality, the state or a political subdivision or instrumentality of the state during the preceding calendar year held, bid, or offered by the covered individual;
(7) A list of all mineral, timber, oil, or any other natural resource lease held, or lease offer made, during the preceding calendar year by the covered individual;
(8) A list of all contracts, bids, or offers to contract with the city during the preceding year which are made, offered or agreed to by the covered individual;
(9) A description of each business or financial dealing, transaction, or arrangement over $5,000 by a covered individual entered into with any municipal officer of the city;
(10) If a covered individual as defined in § 4.35.050 is a sole proprietor or a member of a partnership or limited liability company, or a shareholder in a corporation or a professional corporation in which the covered individual holds a controlling interest, or the owner of a controlling interest in another business entity, then the disclosures required by § 4.35.020 apply to the covered individual's sole proprietorship, partnership, limited liability company, corporation, professional corporation, or other business entity.
(c) The statement shall be filed on a form prescribed by the City Clerk and approved by a resolution of the Sand Point City Council.
(Ord. 2014-04, passed 4-8-14)