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Ward STATEMENT OF FINANCIAL INTERESTS OF ALDERMEN FILED PURSUANT TO THE GOVERNMENTAL ETHICS ORDINANCE, AS AMENDED, MUNICIPAL CODE 2-156-1. . 3: TOBEHLEDWITH: S:B H'r ? OFFICE OF THE CITY CLERK 121
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How to fill out a statement of financial interests:

01
Gather all necessary information: Before filling out the statement, make sure you have all relevant financial information at hand. This may include details about your assets, liabilities, income sources, investments, business affiliations, and any financial transactions.
02
Review the instructions: Read through the instructions provided with the statement of financial interests carefully. Understand what information is required and any specific guidelines for reporting.
03
Provide accurate personal information: Begin by providing your full name, contact information, and any other personal details required. Ensure that all information provided is accurate and up to date.
04
Disclose sources of income: List all sources of income, such as employment earnings, rental property income, dividends, or any other forms of income. Be specific and include the amounts received from each source.
05
Declare assets and liabilities: Report all assets owned, including real estate, vehicles, stocks, bonds, mutual funds, retirement accounts, and any other investments. Additionally, disclose any liabilities, such as loans, mortgages, credit card debts, or other financial obligations.
06
Report business affiliations: If you are associated with any businesses, organizations, or partnerships, disclose these affiliations. Include the name of the business or organization, your role or position, and any financial interests you may have in them.
07
Disclose financial transactions: Report any financial transactions that may be relevant, such as purchases or sales of assets, large monetary gifts or donations received, or any other significant financial activities.
08
Review and sign: Once you have completed the statement, carefully review all the information provided to ensure its accuracy and completeness. Sign the statement as required, acknowledging that the information provided is true and complete to the best of your knowledge.

Who needs a statement of financial interests?

01
Public officials: Elected officials, government employees, and individuals in positions of public trust are often required to file a statement of financial interests. This helps promote transparency and prevents conflicts of interest in their official duties.
02
Executives and board members: Corporate executives and board members may also be required to file a statement of financial interests. This ensures transparency and helps identify any potential conflicts of interest that may arise from their business affiliations.
03
Professionals in certain fields: In some professions, particularly those involving finance, law, or public service, individuals may be required to disclose their financial interests to maintain professional ethics and integrity.
04
Candidates for public office: As part of the election process, candidates for public office may be required to file a statement of financial interests. This helps voters assess any potential conflicts of interest the candidates may have and make informed decisions.
05
Government contractors: Individuals or organizations involved in government contracts or procurement may need to disclose their financial interests to ensure transparency and prevent favoritism or corruption in the contracting process.
Overall, the statement of financial interests serves as a tool to promote transparency, accountability, and integrity in various sectors and positions where financial matters may influence decision-making.

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A statement of financial interests is a form that individuals in certain positions are required to fill out to disclose their financial holdings and potential conflicts of interest.
Public officials, government employees, and individuals in specific roles that involve decision making or potential conflicts of interest are generally required to file a statement of financial interests.
To fill out a statement of financial interests, individuals need to provide detailed information about their income sources, investments, business interests, and other financial holdings. The form usually includes sections for disclosure of assets and liabilities.
The purpose of a statement of financial interests is to promote transparency and avoid conflicts of interest. It allows the public to assess whether individuals in positions of influence may have financial arrangements that could unduly influence their decisions.
On a statement of financial interests, individuals are typically required to report information such as sources of income, business affiliations or outside employment, investments, real estate holdings, and debts or liabilities.
The deadline to file the statement of financial interests in 2023 will depend on specific regulations or legislative requirements. It is advisable to consult the relevant authority or governing body to obtain accurate information about the deadline.
The penalty for the late filing of a statement of financial interests can vary depending on the jurisdiction and applicable laws. Penalties may include fines, administrative sanctions, or other disciplinary actions. It is important to comply with the filing deadline to avoid potential consequences.
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