Establishing the form of fiscal impact statements regarding City Council legislation required pursuant to the Philadelphia Home Rule Charter.

THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

Section 1. The form of fiscal impact statements regarding City Council legislation required pursuant to Section 2-310 of the Philadelphia Home Rule Charter shall be as set forth in the attached Exhibit “A”.

Section 2. This Ordinance shall be effective upon approval by the voters of an amendment to the Home Rule Charter establishing requirements pertaining to the preparation of fiscal impact statements regarding Council legislation.

Exhibit “A”

Philadelphia Fiscal Impact Statement

Date:

Bill No.:

Bill Title:

Prepared by:

Section 1

Cumulative affects over the next five fiscal years

Increase

Decrease

Neutral

Operating Cost

Revenue

Impact to Legally Mandated Financial Plan of the City

Y

N

Fiscal Impact Cannot be Determined

Section 2

Fill in the changes to annual revenue and/or annual operating costs over the next five fiscal years

Current FY

FY+1

FY+2

FY+3

FY+4

Annual Cost

Annual Revenue

Section 3

Describe how the estimates were derived:

Describe any assumptions used in deriving the estimates:

Section 4

Does the legislation affect a legally mandated financial plan of the City? If so, briefly explain:

Section 5

Funding exists to implement the legislation.

Please explain:

Funding has not been provided for the legislation.

Please explain:

Section 6

Additional Comments:

End