“Benefit” means anything that is to a person’s advantage or self interest, or from which a person profits, regardless of the financial gain, including any dividend, pension, salary, acquisition, agreement to purchase, transfer of money, deposit, loan or loan guarantee, promise to pay, grant, contract, lease, money, goods, service, privilege, exemption, patronage, advantage, advancement, or anything of value.

“Borough” means the Ketchikan Gateway Borough, its assembly, administration, or the Ketchikan Gateway Borough School District, its administration or school board.

“Business” means a corporation, company, firm, partnership, sole proprietorship, trust or foundation, or any other individual or entity carrying on a business, whether operated for profit or nonprofit.

“Child” means a biological child, an adoptive child, and a stepchild.

“Compensation” means any money, thing of value, or economic benefit conferred on or received by a person in return for services rendered or to be rendered by the person for another.

“Confidential information” means information exempt from disclosure under KGBC 2.120.070.

“Employee” means a permanent, probationary, seasonal, temporary, or casual employee, whether appointed, executive/administrative/professional, or classified, and does not include the borough mayor or assembly members or the borough manager, borough clerk or borough attorney. Employee does not include employees of the School District.

“Engaging in business” means submitting a written or oral proposal to supply goods, services or other things of value, or furnish goods, services or other things of value, for consideration.

“Fiduciary obligation” means a duty of loyalty to an organization or person which obligates one to act in the best interests of that party.

“Financial interest” means:

“Gain” means actual or anticipated gain, benefit, profit, or compensation.

“Immediate family member” means:

“Official” means a person who holds elective office under the ordinances of the borough, who is appointed to fill a vacancy in elective office, or who is a member of a board, commission or committee of the borough or School District whose appointment is subject to confirmation by the borough assembly or school board. It also includes the borough manager, borough clerk, borough attorney, and the school superintendent.

“Official action” means a recommendation, decision, approval, disapproval, or other similar action, or withholding action where the person has a duty to act.

“Organization” means a group, association, society, political party, or other entity made up of two or more persons, whether operated for profit or nonprofit.

“Parent” means a biological parent, an adoptive parent, and a stepparent.

“Person” means a natural person, a business, and an organization.

“Source of income” means an entity for which service is performed for compensation or which is otherwise the origin of payment. If the person whose income is being reported is employed by another, the employer is the source of income; if the person is self-employed by means of a sole proprietorship, partnership, professional corporation, or a corporation in which the person, an immediate family member, or a combination of them holds a controlling interest, the “source” is the client or customer of the proprietorship, partnership, or corporation; if the entity which is the origin of payment is not the same as the client or customer for whom the service is performed, both are considered the source.

“Substantial financial interest” means an interest that will result in immediate financial gain or financial gain which will occur in the reasonably foreseeable future. An interest is not substantial if it would not reasonably be expected to affect the actions or judgments of the official or employee concerned.