Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Ethics topic
No spam. Unsubscribe anytime.
State law will require Finance Committee members to file Form 700; clerk to send instructions
Summary
Staff alerted the committee to a new state requirement under SB 852 (effective 2026) that public officials managing public investments must file an electronic FPPC Form 700; city clerk will provide filing guidance and staff recommended filing on the side of caution.
Committee members were briefed on a recent state change requiring certain public officials who manage public investments to file FPPC Form 700 (Statement of Economic Interest). Helga Kotter told the committee the change (Senate Bill 852) was presented to the City Council on April 13 and will require annual electronic filing with the FPPC; staff said the city clerk will send guidance and links.
Members raised a question about whether the committee's advisory role triggers the requirement; staff relayed city attorney advice that the committee's input on investment policy and recommendations could fall within the statute's scope and recommended members file "on the side of caution." The clerk will follow up with instructions and timelines.
