On May 5, voters in Yerevan will go to the polls to elect a new “Council of the Elders.” A somewhat anachronistic term for the more modern sounding “Municipal Council.”

The current make-up of the council is as follows: Republican Party of Armenia – 35 seats, Prosperous Armenia – 17 seats, Armenian National Congress (HAK) – 13 seats.

According to the law “On local self-government in the city of Yerevan,” the Council of Elders is the supreme body of local self-government in Yerevan, which executes control over activities of the mayor. While discharging its duties pursuant to the RA Constitution and law the Council of Elders shall be independent and shall function only for the benefit and in the name of Yerevan.

The Yerevan Municipality, in turn, is divided into 12 “administrative districts,” all controlled by the ruling Republican Party.

In the upcoming May 5 election, all but one of the 12 administrative district heads appear on the proportional ticket of the Republican Party.

Let’s take a look at who they are and what their financial situation looks like according to the financial disclosures they have filed:

Hrayr Antonyan (Arabkir) – His only revenue consisted of his salary of 3.600 million AMD. He declared no cash assets.

Rouslan Baghdasaryan (Davtashen) – Declared 3.480 million AMD in wage revenue.

Gevorg Ghazaryan (Kanaker-Zeytoun) – Declared 3.072 million AMD in wage revenue.

Manvel Javadyan (Avan) – His only source of revenue consisted of 3.300 million in wages, but his cash assets amount to 45 million AMD and $170,000. 

Armen Haroutyunyan (Erebouni) – His only revenue consisted of 3.190 million AMD in salary. He declared no property holdings or cash.

Varazdat Mkrtchyan (Nork Marash) – Declared 3.375 million AMD in wage revenue and cash assets of 8 million AMD

Davit Ohanyan (Malatya-Sebastia) - His only revenue was 3.066 milion AMD in wages. His cash assets were 15 million AMD and $10,000.

Armen Oulikhanyan (Nor Nork) - His only source of revenue consisted of 3.066 million in wages, but his cash assets amount to 15 million AMD and $10,000.

Ara Sadoyan (Kentron) – He has claimed an annual income of 3.780 million AMD; all of it wages.

Armen Sargsyan (Shengavit) – He also claimed municipal wages as his only source of revenue. However, he also disclosed 51.430 million AMD in cash assets.

Artavazd Sargsyan (Ajapnyak) – He claimed revenues based on two wages – the Department of State Property Regulation (438,000 AMD) and the Yerevan Municipality (2.961 million AMD).

His cash assets amount to 11.890 million AMD and $325,720.