Answering Your Questions A. Must I file the Form 470 even if I waive my $200 per month salary as a school board member? Yes. The exception for unpaid officeholders (less than $200 per month) does not apply when an officeholder waives their salary. B. May I terminate my committee even if I have outstanding debt? Yes. When you file your termination statement showing outstanding debt, you are declaring that you do not have the ability to discharge debts, loans, or other obligations. However, if you plan to raise additional funds, or pay the outstanding debt with personal funds, you may not terminate. C. After terminating my committee, I received a refund from the city clerk for an overpayment of my filing fees. How do I report this? If you used campaign funds to pay for the filing fees, you must file a Form 460 to report the refund as a miscellaneous increase to cash (on Schedule I). You must also report the expenditure of the funds on Schedule E. See Chapter 5 for the permissible uses of campaign funds. If you used personal funds to pay for the filing fees, you may keep the refund and you are not required to report it on a campaign statement.
Fair Political Practices Commission advice@fppc.ca.gov
Chapter 12.14
Campaign Manual 2 August 2023 Page 411
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