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Amendment to the Rules of Organization and Procedure Ordinance

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Date Introduced: 10/5/2005
Date Passed:

Sponsors:
Claypool, Suffredin
Co-Sponsors:
Peraica

Summary:

This ordinace proposes that the Comprehensive Annual Financial Report for the Cook County government be released to the Board and the public no later than May 31 of the following calendar year or within six months of the close of the fiscal year.


Activity Log:

10/5/2005
Referred to the Committee on Rules

Full Text of Legislation:

Submitting a Proposed Ordinance Amendment sponsored by

 

FORREST CLAYPOOL and LARRY SUFFREDIN, County Commissioners

 

Co-Sponsored by

 

ANTHONY J. PERAICA, County Commissioner

 

PROPOSED ORDINANCE AMENDMENT

 

AMENDMENT TO THE RULES OF ORGANIZATION AND PROCEDURE ORDINANCE

 

WHEREAS, allowing the public, media, and civic groups, as well as the Board of Commissioners, access to the Comprehensive Annual Financial Report (CAFR) at the soonest possible date after the close of the fiscal year makes the County’s finances more accountable to the public; and

 

WHEREAS, delaying the release of the CAFR in a timely manner diminishes the accountability of the County because important and final information regarding the health of the budget and the County’s spending is withheld from the public; and

 

WHEREAS, the last CAFR released by the County for Fiscal Year 2003 was not released until February 17, 2005 - or 14.5 months after the close of the fiscal year, and the CAFR for Fiscal Year 2002 was not released until March 31, 2004 - or 16 months after the close of the fiscal year; and

 

WHEREAS, the other large governments within Cook County - the City of Chicago, the Chicago Public Schools, the Chicago Park District, and the Metropolitan Water Reclamation District, and the Forest Preserve District of Cook County - released their CAFRs within six months of the fiscal year; and

 

WHEREAS, the budgets of the Chicago Public Schools and the City of Chicago are far larger than the Cook County’s, and therefore, the work of the CPS and the City show that it is possible to release CAFRs for large, complicated budgets within six months of the close of the fiscal; and

 

WHEREAS, there is currently no set date by which Cook County must release its Comprehensive Annual Financial Report.

 

NOW, THEREFORE, BE IT ORDAINED THAT, the Cook County Rules of Organization and Procedure Ordinance is hereby amended as set forth below:

 

ARTICLE III

 

BUDGET MATTERS

 

3-1.      Finance Committee.

 

(a)        The President’s executive budget recommendations and all motions, resolutions or ordinances that propose, amend, transfer or supplement any appropriations of funds or budget measure shall be referred to the Finance Committee.  The executive budget recommendations shall provide the basis upon which the annual appropriation ordinance is prepared and enacted.

 


(b)        After considering the executive budget recommendations submitted by the President and all other budget measures submitted by members, the Finance Committee shall prepare an annual appropriation ordinance in tentative form, which in such tentative form shall be made conveniently available to public inspection for at least ten (10) days prior to final action thereon, by publication in the journal of the proceedings of the Board or in such other form as the Board may prescribe; and not less than one week after publication of such tentative appropriation bill and prior to final action thereon, the Finance Committee shall hold at least one public hearing thereon, notice of which shall be given by publication in a newspaper having general circulation in the County at least one week prior to the time of such hearing.  It shall be the duty of the Finance Committee to prepare such tentative appropriation bill and make it so available to public inspection and also to arrange for and hold such public hearing or hearings.

 

(c)        For Fiscal Year 2005 forward, the Comprehensive Annual Financial Report for the Cook County government will be released to the Board and the public no later than May 31 of the following calendar year, or within six months of the close of the fiscal year. This means that the CAFR for Fiscal Year 2005 will be released by May 31, 2006.

 



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