Municipal Code
The City Council Office of Financial Analysis (COFA) Municipal Code requirements are based on a frequency of quarterly, annually, per occurrence, and pre-request. Many of COFA’s reports take place during the Fourth Quarter of the budget year. The following table displays the Municipal Code requirements and frequency.
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MUNICIPAL CODE REQUIREMENTS |
FREQUENCY |
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(A) a summary and analysis of the City’s Comprehensive Annual Financial Report; |
Annually |
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(B) an annual budget options report of potential cost-saving reforms and efficiencies; |
Annually |
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(C) a financial analysis of the Mayor’s proposed annual budget; |
Annually |
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(D) a review of proposed public-private partnership agreements or asset leases |
Per Occurrence |
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(E) a quarterly report on the Office’s activities, including a report of all fiscal impact statements that the Office prepared pursuant to subsection |
Quarterly |
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(F) a review of the annual budget forecast; |
Annually |
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(G) an analysis of rating agency actions; |
Per Occurrence |
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(H) a fiscal impact statement for all ordinances that propose to: (i) add, eliminate, increase or decrease the amount of any line item(s) in the annual appropriation ordinance for a given year, following the passage of that annual appropriation ordinance (but excluding grant funds); or (ii) sell or lease any City asset, including revenue streams from that asset, if the anticipated revenue from the sale or lease of the asset is greater than $15,000,000; |
Per Occurrence |