Example:
A city council member is running for county supervisor in 2024. The candidate uses the LIFO accounting method to transfer funds from the city council committee to their county supervisor committee as outlined in the table below. Because the 2022 contribution limit is $4,900, only $4,900 of Z Corporations original $5,000 contribution to the city council committee may be transferred to the county supervisor committee. Riley Thomas has already contributed has already contributed $4,000 to the county supervisor committee, so only $900 of their original $1,000 contribution to the city council committee may be transferred to the county supervisor committee.
Donor
Date of Original Contribution
Amount of Original Contribution
Funds Attributed to Contributor
Taylor Smith
09/25/2020 11/02/2020
$1,000 $5,000 $1,000
$1,000 $4,900
Z Corp.
Riley Thomas 12/10/2020
$900
The committee making the transfer must report the transfer as an expenditure on Schedule E of the Recipient Committee Campaign Statement (Form 460). The committee receiving the transfer must report the transfer on Schedule A as follows: • The date of the transfer and the name, address, and identification number of the committee making the transfer; • The name, address and, if applicable, the occupation and employer or committee identification number of the contributor to whom the transferred funds are being attributed (as disclosed on the campaign statement filed when the contributions were originally received or as contained in the committee’s records at the time of the transfer);
• The original date of the transferred contribution; and
• The amount of the transferred contribution, including the cumulative amount received from the contributor in the calendar year and the amount attributed to the contributor per election.
Some electronic filing formats may be different.
Fair Political Practices Commission advice@fppc.ca.gov
Chapter 1.8
Campaign Manual 2 August 2023 Page 113
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