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Committee reviews related-party policy and forwards capital-transfer ordinance for introduction
Summary
The AFC reviewed a draft related-party/vendor disclosure policy and forwarded an ordinance to clarify capital-project transfers through the manager’s authority and to treat the non-departmental budget object as the place for capital project transfers; the ordinance was forwarded for introduction by unanimous consent.
The Assembly Finance Committee on Sept. 3 reviewed two housekeeping items: a draft related-party/vendor disclosure policy and a draft ordinance clarifying transfer authority for capital projects.
Finance staff said auditors have recommended better identification of transactions the city conducts with organizations where an elected official or municipal leader has a personal interest. The proposed related-party policy would require officials and covered staff to identify vendors and entities where they have a family or financial relationship; staff said the policy is…
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