includes wages paid and any benefits in lieu of wages, such as stock options or an annuity purchase. Compensation does not include routine benefits, such as the employer’s payments to a health care or retirement plan. Ex 4.19 - An accounting firm provides your committee with the services of an accountant. The accountant spends 25 percent of their time working for the campaign. This percentage of their gross compensation is $2,000. The amount of the nonmonetary contribution reported from the accounting firm is $2,000. Discounts: If the committee receives a discount on goods or services it purchases and the discount is not offered to the public in the regular course of business, the discount is a nonmonetary contribution that must be reported. Private Air Transportation: A person who provides a candidate with a flight in a private airplane is making a nonmonetary contribution. The value is determined by using either the commercial rate to the destination, if available, or the charter rate divided by the number of passengers on the flight. Email Lists: If a list of email addresses is donated, the fair market value must be reported as a nonmonetary contribution. Corporate Stock: The contribution of corporate stock must be reported and valued as listed on the stock exchange on the date of receipt. When the stock is sold, the total proceeds of the sale are reported on Schedule I as a miscellaneous increase to cash. If the purchaser is unknown, report the brokerage firm as the source with a notation that the payment represents the sale of stock. Broker’s fees must be reported on Schedule E.
Fair Political Practices Commission advice@fppc.ca.gov
Chapter 4.20
Campaign Manual 2 August 2023 Page 208
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