difference (net change this period) on Line 3. The amount on Line 3 will be a negative amount when the accrued expenses paid are more than the amount of new accrued expenses. The amount on Line 3 is carried forward to the overall Summary Page, Column A, Line 9. Outstanding Accrued Expenses (Summary Page, Column B, Line Accrued expenses are carried forward on future statements until they are paid off. To determine the amount for Column B, Line 9 of the overall Summary Page, add the amount from Column A, Line 9 of the current statement to the amount of Column B, Line 9 of the previous statement. If the amount in Column A, Line 9 is a negative number, subtract it from the amount in Column B, Line 9 of the previous statement. Answering Your Accrued Expenses Questions A. When are unpaid bills reportable as accrued expenses? The basic rule is that you must report an accrued expense any time you have received goods or services but have not paid for them by the end of the reporting period. B. What if our committee has not yet received an invoice from the vendor? If you have received the goods or services, you must report the accrued expense on Schedule F even if you have not received an invoice. If you do not know the actual amount, you may report an estimate. Once the committee is made aware of the actual amount, the committee must either amend the statement on which the estimated amount was reported or make an adjustment on the next campaign statement by showing the difference between the estimated amount and the actual amount. When reporting estimated amounts or corrections to estimated amounts, note that fact on Schedule F.
Fair Political Practices Commission advice@fppc.ca.gov
Chapter 9.60
Campaign Manual 2 August 2023
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