3008 FINANCIAL REPORTS AND STATEMENTS

3008.1 Candidates, committees, constituent-service programs and Statehood Funds and their treasurers shall make best efforts to obtain, report, and maintain the 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 R&E Report form.

3008.4 Each contribution, rebate, refund, or any other receipt of fifteen dollars ($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 constituent-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 § 3011.23, 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 constituent-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 Each Bitcoin contribution shall be reported on the R&E report in the following manner:- (a) Bitcoin contributions shall be reported as in-kind contributions in accordance with § 3008.9;

- (b) Bitcoin contributions shall be reported received as of the date the contribution is liquidated into U.S. dollars;

- (c) The full amount liquidated shall be reported as the contributor's total contribution;

- (d) A refund check for any liquidated amount exceeding the contribution limit shall be issued to the contributor; and

- (e) Each service charge incurred or discounted from the public Bitcoin exchange website shall be reported in the same manner as credit card transactions under §§ 3008.15(c) and (d).3008.11 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).3008.12 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.3008.13 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.3008.14 The R&E Report shall be complete, under § 3017, as of five (5) days prior to the date of any filing; provided, that any contribution of two hundred dollars (\$200) or more received after any deadline for the filing of the last R&E Report required to be filed prior to an election shall be reported within twenty-four (24) hours after its receipt.3008.15 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;

1. (b) The full amount authorized by the contributor as a contribution shall be reported by the candidate or committee;
2. (c) Each service charge deducted by the credit card issuer shall be reported as an expenditure made by the candidate or the committee on the date when notified of the deduction; and
3. (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.3008.16 Each contribution or expenditure exceeding fifty dollars (\$50) made by a person, other than a political committee, independent expenditure committee, political action committee, or candidate, during a calendar year, other than by contribution to a committee or candidate, shall be reported in the following manner:- (a) On a Report of Receipts and Expenditures form prescribed by the Director listing each expenditure; and
4. (b) At the times specified under § 3017, for the period when the expenditure occurred, unless the value of the independent expenditure totals \$1000 or more in a two (2) week period, in which case the report shall be filed within fourteen (14) calendar days of the expenditure.3008.17 The independent expenditure report filed pursuant to § 3008.16 shall identify the following:- (a) The name and address of the filer;
5. (b) The affiliated entities of the filer which have also made an independent expenditure;
6. (c) The amount and object of the independent expenditure; and
7. (d) The name of each candidate, initiative, referendum, or recall in support of or in opposition to which the independent expenditure is directed.3008.18 The Summary Financial Statement of Candidate for the Office of Member of an Advisory Neighborhood Commission (ANC), filed under § 3002.6, shall include:- (a) Total receipts collected and expenditures made by the candidate for the campaign;
8. (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.

3008.19 The Summary Financial Statement of an ANC candidate shall be filed in an electronic format at the OCF website, pursuant to § 3002.7, and the contents of the statement electronically certified through the use of a PIN number assigned by the Office of Campaign Finance.

3008.20 Each person who files reports and statements with the Director of Campaign Finance has a continuing obligation to provide the Director with correct and up-to-date information.

3008.21 Contributions from business contributors, under § 3011.26, shall be itemized and reported on Schedule A in accordance with the instructions for preparing the R&E Report, and shall be accompanied by the name and address of each affiliated entity of the business contributor who has made a contribution or expenditure to the filer.

3008.22 The filer of the R&E Report must obtain a certification by each business contributor for each contribution that it made to the filer that none of its affiliate entities have contributed an amount that when aggregated with the contributions of the business contributor, would exceed the contribution limits.

3008.23 No person shall sell or utilize information copied from reports and statements filed with the Office of Campaign Finance for the purpose of commercial use or soliciting contributions.

SOURCE: Final Rulemaking published at 45 DCR 3161 (May 22, 1998); as amended by Final Rulemaking published at 47 DCR 2171, 2175-77 (March 24, 2000) as amended by Final Rulemaking published at 53 DCR 3226 (April 21, 2006); as amended by Final Rulemaking published at 57 DCR 2229, 2237 (March 19, 2010); as amended by Final Rulemaking published at 60 DCR 1402 (February 8, 2013); as amended by Final Rulemaking published at 60 DCR 11864 (August 16, 2013); as amended by Final Rulemaking published at 62 DCR 3025 (March 13, 2015).