[bouldercouncilhotline] Hotline: First reading questions re Financial Disclosure

[cmosupport at bouldercolorado.gov]

Sender: Appelbaum, Matt

Colleagues – I raised most of these after a CAC meeting, but never quite got around to putting them on Hotline:
 
13-2-3 (b)(2): maybe it’s implicit, but might it be helpful to specify “realized” capital gains so that it’s clear that increases in value of some asset don’t count unless the asset is
 sold? (Actually, an increase in value could be important, I suppose, but there is often no way to quantify it, and us ordinary folks don’t track it anyway).
 
Also (b)(2): this would seem to require reporting of income even from excepted funds, which the feds don’t require. Why bother? Could be a lot of work that tells you absolutely nothing
 useful.
 
Also (b)(2) and in the definition of “excepted funds”: it’s not clear to me if something very simple like interest from a bank account is “excepted” (unless this is a “common trust fund
 of a bank”). And, again, why report income of >$1000 from a bank account?
 
(b)(3): Why limit this to “for profit” companies? If I work for, or am on the board of, a non-profit that owns real property in Boulder, that sure seems to me to be something that should
 be disclosed

 
Finally, although you gave some examples of one particular definition from other states, how about providing some examples (or links to them) from other jurisdictions in Colorado?  The
 state of Colorado has rules for executive/legislative members; how do our proposed rules substantively differ, and why?  And does Boulder County (or any county, since they appear to not be under the state rules noted above) require any sort of disclosure?
 How about other cities in the Denver metro area?
 
Thanks --Matt