§ 2.12.130. Financial impact statements.

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Prior to the final vote on any matter which comes before the city council, as the result of a motion offered by a member of the city council, which may require the expenditure of five thousand dollars or more, the matter shall first be referred by the city council to the director of finance who, with the assistance of the appropriate city department, shall provide the city council with a financial impact statement detailing the actual or estimated financial impact of said matter to the city. Upon receiving the financial impact statement the city council shall record the statement in the city council documents and thereupon shall take a vote upon said matter.

(C.O. 09-80, § 1, 3-23-2009)

                    
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