§ 189-66. Disclosure by contract agencies.

A. 

Each contract agency shall be required to complete and submit an online contract agency disclosure form to the Department of Audit and Control no later than September 15 of each year. Such contract agency disclosure form shall include such content and be in such form as determined by the Department of Audit and Control, but, at a minimum, shall require that the contract agency set forth the contract agency’s program revenues from all sources and expenses from all sources, administrative expenses and the contract agency’s top five employee salaries.

B. 

Simultaneously with the contract agency’s submission of the online contract agency disclosure form, the contract agency shall also submit, online, its most recent audited financial statements or IRS Form 990, or profit/loss statement and balance sheet for the contract agency's most recent fiscal year and a schedule of all full-time employees and their salaries for the previous calendar year.

C. 

No later than June 30 of each year, the Department of Audit and Control shall send notification of the disclosure requirements required by this section to each contract agency. Such notification shall include the link or website portal address where the contract agency may access the online contract agency disclosure form and the individual password that the contract agency must use to access and submit the contract agency disclosure form.

D. 

A contract agency's failure to submit its disclosure form and/or any other required document shall constitute noncompliance. A noncompliant contract agency shall not receive funding for any of its programs in the subsequent year's operating budget. Funding may be restored through a standalone resolution only after all required information has been submitted.

E. 

This section shall not apply to any town, village, fire district, library district or ambulance district.

Amended 6-21-2016 by L.L. No. 22-2016