(a) Annually, on or before the date of Council's first regular meeting in March, the Clerk of the Village shall submit to Council a written report of the gross amount of all compensation paid by the Village to each elected or appointed official or employee of the Village, during the preceding calendar year, as reported by the Village to the Internal Revenue Service of the U.S. Department of the Treasury.
(b) Where an official or employee received employment benefits in addition to the gross compensation referred to in subsection (a) hereof, e.g. paid vacation time, paid hospitalization insurance, a uniform allowance, etc., the Clerk shall place an asterisk after the amount referred to in subsection (a) hereof and shall note upon such report the fact that such asterisk indicates the existence of additional employment benefits.
(c) The report compiled by the Clerk shall, upon its presentation to Council, become a public document and shall be distributed to residents of the Village in such manner as Council, by motion, directs.
(d) The Clerk shall certify in writing to Council that the report was compiled from the books and records of the Village and that to the best of the Clerk's knowledge it is correct.
(Ord. 77-5-5. Passed 5-3-77.)