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Record #: O2019-6955   
Type: Ordinance Status: Passed
Intro date: 9/18/2019 Current Controlling Legislative Body: Committee on Budget and Government Operations
Final action: 10/16/2019
Title: Amendment of Municipal Code Chapter 2-53 concerning powers and duties of City Council Office of Financial Analysis
Sponsors: Dowell, Pat, Smith, Michele, Reilly, Brendan
Topic: MUNICIPAL CODE AMENDMENTS - Title 2 - City Government & Administration - Ch. 53 City Council Office of Financial Analysis
Attachments: 1. O2019-6955.pdf
ORDINANCE

BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:

SECTION 1. Chapter 2-53 of the Municipal Code of Chicago is hereby amended by deleting the language struck-through and inserting the language underscored, as follows:

2-53-010 Establishment.

There is hereby established an office which shall be known as the City Council Office of Financial Analysis ("Office1"), and which shall include the Council Financial Analyst a Director, and such other assistants and employees as provided for in the annual appropriation ordinance.

2-53-020 Director - Appointment, term of office, and qualifications.
Upon a recommendation from the Chairman of the Committee on the Budget and Government Operations, and approval bv a vote of two-thirds of all members ofthe Citv Council, oversight committee established by this chapter, the council financial analyst the Director shall be appointed by a vote of two thirds of all the members ofthe city council to serve a four-year term.
The council financial analyst Director shall be appointed for a term of four years, but may be removed prior to the expiration of his term, at any time, with or without cause, by a two-thirds vote of all the members of the e City e Council.
The council financial analyst Director shall have, at minimum, the following minimum qualifications:

has a graduate degree in finance, economics, business or other relevant
field;
has experience in municipal finance, or substantially similar equivalent experience; and
has not been employed by the city for a period of three years prior to the date of his appointment; and
{4} has not been convicted of any no felony conviction under the laws of the state of Illinois, another state, or the United States.
No council financial analyst current Director or employee of the council e Office of financial analysis may, during his employment: (1) hold, or become candidate for, any other elective or appointed public office except for appointments to governmental adv...

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