(1) The executive, through the department of finance, shall establish a financial reporting system which records in a timely manner and by fund revenues received, encumbrances and expenditures made, and current FTE position counts. The executive shall submit this information for all funds and any additional information required by county charter section 6.60 to the council no later than forty-five days after the end of each quarter and at any time requested by the council. Both annual allotments and biennial appropriations will be used by the executive in reports to the council to track variances during the biennium.

(2) This section shall not preclude the council from requesting such other financial information from the executive as it deems necessary for making fiscal decisions. The council may specify the format and level of detail of all such reports. (Added by Ord. 86-033, Apr. 23, 1986; Amended by Ord. 97-037 § 4, May 21, 1997, Eff date June 6, 1997; Amended by Ord. 00-009, Apr. 12, 2000, Eff date Apr. 27, 2000; Amended by Ord. 06-055, July 19, 2006, Eff date Aug. 5, 2006; Amended by Amended Ord. 07-015, Mar. 21, 2007, Eff date Apr. 7, 2007).