Elected Officials in L.A. City, County File Income Reports : Reform: Disclosures under city’s new ethics law are far more detailed. Molina plans to introduce county measure in the next few weeks.

Los Angeles city and county elected officials filed new public reports on their personal finances Monday, a milestone for City Hall’s tough new ethics law and one its backers say highlights the need to extend the reforms to the county Board of Supervisors.

Monday marked the annual state-mandated deadline for local officials--including Mayor Tom Bradley, City Council members and the five county supervisors--to reveal their income, investments and property holdings.

However, reports filed by city elected officials--the first since voters approved a sweeping ethics reform law last June--required far more detail than those filed by the county supervisors, who are governed only by the state conflict-of-interest laws, which critics contend are too weak.

City Hall officials Monday disclosed precise incomes and values of investments, details on spouses’ income and personal residences, names of business partners and even the names and addresses of their stockbrokers.

For the most part things went smoothly, city officials said, in contrast to the confusion that prevailed last month when about 1,500 city commissioners and top bureaucrats had to make similar disclosures for the first time.

Councilman Michael Woo, one of the leading proponents of the ethics reform law, said there was only “some minor grumbling” among his council colleagues about the new requirements.

County supervisors Monday filed state-mandated reports with less detail about personal finances. Unlike city officials, supervisors generally do not have to report holdings outside of the county, nor do they have to detail their business partners’ or relatives’ incomes. Also, the values of their investments and income need only be divulged in broad categories, such as $1,000 to $10,000 and $10,000 to $100,000.

Gloria Molina, the newest supervisor and a former Los Angeles city councilwoman, has pledged to push for a City Hall-style ethics measure in county government. Through an aide, Molina said Monday that she will introduce a new county conflict-of-interest law in the next few weeks.

Also on Monday, Molina picked up the support of veteran Supervisor Kenneth Hahn who, an aide said, will “definitely support” the proposed reforms.

Ruth Holton, legislative advocate for California Common Cause, a citizens lobbying group that supports Molina’s effort, said supervisors currently are disclosing only “minimal” details about their investments and outside income.

“The supervisors have incredible power over a lot of money,” she said. “The more the disclosure, the more the pressure on them not to participate in decisions that affect them personally.”

But Supervisor Deane Dana said the county does not need ethics reform.

“We have no problems in that area,” he said, adding that Molina should “wait until she has been here for a while and seen how we operate.”

The city ethics reform law, which has been called the toughest in the nation, was approved in the wake of the controversy surrounding Bradley’s personal finances.

Councilman Marvin Braude listed thousands of shares in such firms as W. R. Grace Co., US West, American Home Products, Great Lakes Chemical and several utility companies. The councilman said he spent several hours preparing the report. While he supports the ethics law, Braude complained “the amount of detail (is) superfluous.”

Bradley reported receiving more than $25,000 in gifts and $465,000 in income, including his $95,000 city salary and more than $300,000 in return on investments and sale of properties that had been transferred to a blind trust in 1989. Many details of Bradley’s holdings are not reported because the mayor does not know what they are, his office said.

The new requirements made little difference for several city officials, who had relatively few personal investments.

For example, Councilman Richard Alatorre reported only a $180,000 equity interest in his home. Councilwoman Ruth Galanter had no reportable holdings, nor did City Atty. James K. Hahn.

Woo disclosed owning $70,000 worth of stock in Cathay Bank of Los Angeles and receiving $8,019 in gifts, dinners and free passes. He reported $50,000 in outside income from investments, his wife’s work and a family trust.

Councilman Hal Bernson disclosed $15,000 in additional income, including precise amounts of money earned by his wife and dependent children.

Among county officials, Supervisor Michael Antonovich disclosed stock ownership in 16 companies and real estate interests, but under the state reporting system the total value of the investments could be anywhere from $147,000 to $570,000. Antonovich also reported being paid between “$1,001 and $10,000” to serve on the board of Pacific Data Management Corp., a Santa Monica-based computer firm. He also accepted $8,969 in gifts, including free memberships in the Oakmont Country Club in Glendale and the Altadena Country Club.

Supervisor Deane Dana reported selling stock worth somewhere between $10,001 and $100,000 in Torrance National Bank and owning a note worth between $1,000 and $10,000 in Valencia Park Assn. Ltd., a real estate venture.

Dana accepted $8,572 in gifts, including free membership in the Lomas Santa Fe Country Club near San Diego, where he owns a condominium. However, following state law, Dana did not report the ownership of that property, or another condominium in Hawaii.

Supervisor Ed Edelman’s investments were limited to interests in six properties.

Supervisor Hahn listed no investments, no interest in real property and no outside income.

Molina, who is required to file both city and county reports this year, disclosed on city forms investments of about $100,000, including $21,000 worth of stock in the Mexican government phone system. She reported additional income of about $300,000, including her husband’s salary, rental payments on property and loans.