3008 FINANCIAL REPORTS AND STATEMENTS

3008.1 Candidates, political committees, citizen-service programs and Statehood funds and their treasurers shall make best efforts to obtain report and maintain information required under Chapter 34 of this title.3008.2 With the exception of candidates for the office of ANC member, all contributions, expenditures, debts, contracts, and agreements shall be reported on separate schedules in the following manner:- (a) On the R&E Report form, prescribed by the Director; or

- (b) In a format consistent with the form filed under §3008.2(a).3008.3 The R&E Report may be filed in an electronic format at the OCF Website under § 3018; Provided that the original R&E Report, verified by the treasurer, is also filed. The filing of the paper copy may be eliminated where the treasurer submits a signed letter request for a PIN Number.3008.4 Each contribution, rebate, refund, or any other receipt of \$15 or more shall be reported.3008.5 Each contribution, receipt, transfer from other authorized committees, dividend or interest receipt, offset to operating expenditures, including rebates and refunds, and in the case of the citizen-service programs, personal property, shall be itemized and reported on the appropriate sub-schedule of Schedule A in accordance with the instructions for preparing the R&E Report.3008.6 Each receipt for a loan made or guaranteed by the candidate or the committee, or owed by the candidate or the committee, and each loan repayment made by the candidate or the committee, shall be itemized and reported on the appropriate sub-schedule of Schedule E.3008.7 Partnership contributions, under § 3011.15, shall be itemized and reported on Schedule A, in accordance with the instructions for preparing the R&E Report, in the following manner:- (a) In the name of the partnership; and

- (b) In the name of each contributing partner.3008.8 Each operating expenditure, transfer to other authorized committees, refund of a contribution, independent expenditure, offset to receipts, and in the case of a citizen-service program, personal property, shall be itemized and reported on the appropriate sub-schedule of Schedule B in accordance with the instructions for preparing the R&E Report.3008.9 Each in-kind contribution , under §§ 3008.5 and 3008.8, shall be assessed at the current local fair market value at the time of the contribution, and

shall be itemized and reported on the appropriate sub-schedules of Schedules A and B.

3008.10 The net proceeds of each mass sale and collection shall be itemized and reported on Schedule C in accordance with the instructions for preparing the R&E Report, and the supporting documentation for each itemization maintained under § 3401.3 (b).3008.11 Each debt and obligation, excluding loans, shall be itemized and reported on Schedule D in accordance with the instructions for preparing the R&E Report.3008.12 Each loan shall be itemized and reported on the appropriate sub-schedule of Schedule E in accordance with the instructions for preparing the R&E Report.3008.13 The R&E Report shall be complete, as of five (5) days prior to the date of any filing, under § 3017; Provided, that any contribution of two hundred dollars (\$200) or more received after any closing date, under § 3017, for the last R&E Report required to be filed prior to an election, shall be reported within 24 hours after its receipt.3008.14 Financial transactions undertaken by credit card shall be reported on the R&E Report in the following manner:- (a) Contributions shall be reported for the date upon which the authorized transaction is received;

- (b) The full amount authorized by the contributor as a contribution shall be reported by the candidate or committee;

- (c) Each service charge deducted by the credit card issuer shall be reported as and expenditure made by the candidate or the committee on the date when notified of the deduction; and

- (d) Each discount from the normal service charge authorized by the credit card issuer shall constitute an in-kind contribution, under § 3008.5, from the issuer and shall be reported as an in-kind contribution.3008.15 Each person, other than a political committee or candidate, who makes contributions or expenditures exceeding fifty dollars (\$50) or more during a calendar year, other than by contribution to a political committee or candidate, shall file a listing of each expenditure on Schedule B-5 of the R&E Report, at the times specified under § 3017, for the period when the expenditure occurred.3008.16 The Summary Financial Statement of Candidate for the Office of Member of an Advisory Neighborhood Commission (ANC), filed under § 3002.5, shall include the following:

(a) Total receipts collected and expenditures made by the candidate for the campaign;

(b) Certification that the candidate did not receive contributions from any person, other than the candidate, in excess of twenty-five dollars ($25);

(c) Certification that the candidate did not receive any contributions from any person or make any expenditures, including from or by the candidate, to support the candidate's election to office; and

(d) The disposal of surplus contributions, if any.

3008.17 The Summary Financial Statement of an ANC candidate may be filed in an electronic format at the OCF Website; Provided that the candidate shall submit a signed letter request for a PIN Number to file the report online, under § 3018.

SOURCE: Final Rulemaking published at 45 D.C. Reg. 3161, 3168-69 (May 22, 1998); as amended by Final Rulemaking published at 47 D.C. Reg. 2171, 2175-77 (March 24, 2000) as amended by Final Rulemaking published at 53 D.C. Reg. 3226 (April 21, 2006); and as amended by Final Rulemaking published at 57 D.C. Reg. 2229, 2237 (March 19, 2010).