(a) In order to implement the requirements of section 2-236, the city shall have prepared on its behalf, by an independent auditor in cooperation
with the finance director, a study and supplemental data upon which the study is based,
determining the fiscal impacts attributed to each term and condition of employment
made available to the members of all recognized employee organizations.
(b) The above report and findings of the independent auditor shall be completed and made
available for review by the city council and the public at least thirty (30) days
before consideration by the city council of an initial meet and confer proposal to
be presented to any recognized employee organization regarding negotiation of an amended,
extended, successor, or original memorandum of understanding.
(c) The above report shall be regularly updated by the independent auditor to itemize
the costs and the funded and unfunded actuarial liability which would or may result
from adoption or acceptance of each meet and confer proposal. These measurements shall
display the fiscal impacts of the employee association and/or city proposals. The
report shall be prepared in the following format, including all benefit and or pay
aspects of each MOU, and shall include written council member acknowledgement that
the report has been read and considered by the signing council member.