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CAMPAIGN EXPENDITURE AND CONTRIBUTION STATEMENTS FOR CANDIDATES FOR MEMBER OF THE BOARD OF EDUCATION WARWICK VALLEY CENTRAL SCHOOL DISTRICT MAY 19, 2020, ELECTION In accordance with Sections 1528

How to fill out campaign expenditure and contribution

How to fill out campaign expenditure and contribution

1. To fill out campaign expenditure and contribution, follow these steps:
2. Begin by gathering all necessary financial records, including receipts, invoices, and bank statements.
3. Create a spreadsheet or use a campaign finance software to track and organize the expenditures and contributions.
4. Start by recording all campaign expenses, such as advertising costs, travel expenses, staff salaries, and office supplies.
5. Include the date, purpose, and amount for each expense. Make sure to categorize them properly to comply with reporting requirements.
6. Keep track of all contributions received, including the donor name, date, and amount.
7. Differentiate between cash contributions and in-kind contributions, such as donated goods or services.
8. If applicable, record any loans taken out by the campaign and note the terms and repayment plan.
9. Organize the data in a clear and concise manner, making it easy for auditors and regulatory agencies to review.
10. Double-check all calculations and ensure accuracy before submitting the expenditure and contribution reports.
11. Finally, submit the completed reports to the relevant regulatory authorities within the specified deadlines.

Who needs campaign expenditure and contribution?

1. Campaign expenditure and contribution reports are essential for:
2. - Political campaigns: Candidates and their campaign committees need to accurately track their spending and fundraising activities to comply with campaign finance laws.
3. - Election regulatory bodies: These reports provide transparency and accountability in the political process, allowing regulators to monitor financial activities and enforce compliance with laws.
4. - Donors and supporters: Those contributing to a campaign have a vested interest in understanding how their donations are being used and ensuring transparency and ethical financial management.

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