20A-11-203 (Effective 01/01/11) - State office candidate -- Financial reporting requirements -- Year-end summary report.
20A-11-203 (Effective 01/01/11). State office candidate -- Financial reportingrequirements -- Year-end summary report.
(1) (a) Each state office candidate shall file a summary report by January 10 of the yearafter the regular general election year.
(b) In addition to the requirements of Subsection (1)(a), a former state office candidatethat has not filed the statement of dissolution and final summary report required under Section20A-11-205 shall continue to file a summary report on January 10 of each year.
(2) (a) Each summary report shall include the following information as of December 31of the previous year:
(i) the net balance of the last financial statement, if any;
(ii) a single figure equal to the total amount of receipts reported on all interim reports, ifany;
(iii) a single figure equal to the total amount of expenditures reported on all interimreports, if any, filed during the previous year;
(iv) a detailed listing of each contribution and public service assistance received since thelast summary report that has not been reported in detail on an interim report;
(v) for each nonmonetary contribution:
(A) the fair market value of the contribution with that information provided by thecontributor; and
(B) a specific description of the contribution;
(vi) a detailed listing of each expenditure made since the last summary report that has notbeen reported in detail on an interim report;
(vii) for each nonmonetary expenditure, the fair market value of the expenditure; and
(viii) a net balance for the year consisting of the net balance from the last summaryreport, if any, plus all receipts minus all expenditures.
(b) (i) For all single contributions or public service assistance of $50 or less, a singleaggregate figure may be reported without separate detailed listings.
(ii) Two or more contributions from the same source that have an aggregate total of morethan $50 may not be reported in the aggregate, but shall be reported separately.
(c) In preparing the report, all receipts and expenditures shall be reported as of December31 of the previous year.
(d) A check or negotiable instrument received by a state office candidate or a state officecandidate's personal campaign committee on or before December 31 of the previous year shall beincluded in the summary report.
(3) An authorized member of the state office candidate's personal campaign committee orthe state office candidate shall certify in the summary report that, to the best of the person'sknowledge, all receipts and all expenditures have been reported as of December 31 of theprevious year and that there are no bills or obligations outstanding and unpaid except as set forthin that report.
Amended by Chapter 389, 2010 General Session