§ 5-3 Annual report.
Current through 2026-07-17. Source: City of Balt., Md., Ord. 26-129. Published by the Baltimore City Department of Legislative Reference.
Balt., Md., Code art. 27, § 5-3 (2026)
§ 5-3 Annual report.LinkCopy Citation
(a)Submission required.
After the close of each fiscal year, a report on the financial operations of the stormwater utility shall be:
(1)
submitted to the Board of Estimates, the Board of Finance, and the members of the City Council;
(2)
filed with the Department of Legislative Reference; and
(3)
posted by the Department of Public Works on its website.
(b)Required contents.
The report shall contain at least:
(1)
the following financial statements:
(i)
a comparative statement of operating and capital revenues and expenditures and of net assets showing the financial conditions of the utility as of the beginning and close of the fiscal year;
(ii)
a comparative statement of operating and capital budgets and of revenues, expenses, and changes in net assets for the last 2 fiscal years; and
(iii)
a comparative statement of cash flow for the last 2 fiscal years; and
(2)
performance outcomes.
(c)Submission.
The report required by this section:
(1)
in addition to any other report required by law; but
(2)
may be submitted as a separate section of the statements provided for in <cite data-doc="City of Baltimore, Md., Charter" data-path="VII|§11">City Charter Article VII, § 11</cite> {“Department of Finance: accounting”}.
History: Ord. 13-143