Mid-year budget report.
Municipal Code of Chicago § 2-53-050
in effect2-53-050 Mid-year budget report.
In addition to the reports and analyses required under Section 2-53-030, the Director shall provide members of the City Council, through the Committee on the Budget and Government Operations, with a report containing the below information on or before July 30 of each year:
(a) an annual budget options report of potential cost saving reforms, new funding and revenue sources, and efficiencies;
(b) a summary of compliance with the City’s minority-owned and women-owned business enterprise programs, the disadvantaged business enterprise program, and other certification eligible business participation programs, including both utilization numbers and payments to certification eligible subcontractors, expressed as a percentage of the total costs of the applicable contract for the previous fiscal year;
(c) an overview of recent trends in municipal finance, with comparative studies and analysis, as appropriate; and
(d) an analysis of vacant positions carried over from one fiscal year to the next, overtime costs of the previous fiscal year compared to the appropriated funds for overtime, and any applicable workforce allocation studies.
(Added Coun. J. 12-16-24, p. 22879, Art. VI, § 7)
Editor’s note – Coun. J. 10-16-19, p. 7101, § 2, repealed former § 2-53-050, which pertained to establishment of council office of financial analysis oversight committee.
Source: City of Chicago, Municipal Code of Chicago (American Legal Publishing, codelibrary.amlegal.com)URL: https://codelibrary.amlegal.com/codes/chicago/latest/chicago_il/0-0-0-2599750Fetched: 10/24/2026