20A-11-1302 (Effective 01/01/11) - School board office candidate -- Financial reporting requirements -- Year-end summary report. - Utah Statutes

20A-11-1302 (Effective 01/01/11). School board office candidate -- Financialreporting requirements -- Year-end summary report.
(1) (a) Each school board office candidate shall file a summary report by January 10 ofthe year after the regular general election year.
(b) In addition to the requirements of Subsection (1)(a), a former school board officecandidate that has not filed the statement of dissolution and final summary report required underSection 20A-11-1304 shall continue to file a summary report on January 10 of each year.
(2) (a) Each summary report shall include the following information as of December 31of the previous year:
(i) the net balance of the last financial statement, if any;
(ii) a single figure equal to the total amount of receipts reported on all interim reports, ifany, during the previous year;
(iii) a single figure equal to the total amount of expenditures reported on all interimreports, if any, filed during the previous year;
(iv) a detailed listing of each receipt, contribution, and public service assistance since thelast summary report that has not been reported in detail on an interim report;
(v) for each nonmonetary contribution:
(A) the fair market value of the contribution with that information provided by thecontributor; and
(B) a specific description of the contribution;
(vi) a detailed listing of each expenditure made since the last summary report that has notbeen reported in detail on an interim report;
(vii) for each nonmonetary expenditure, the fair market value of the expenditure; and
(viii) a net balance for the year consisting of the net balance from the last summaryreport, if any, plus all receipts minus all expenditures.
(b) (i) For all individual contributions or public service assistance of $50 or less, a singleaggregate figure may be reported without separate detailed listings.
(ii) Two or more contributions from the same source that have an aggregate total of morethan $50 may not be reported in the aggregate, but shall be reported separately.
(c) In preparing the report, all receipts and expenditures shall be reported as of December31 of the previous year.
(d) A check or negotiable instrument received by a school board office candidate on orbefore December 31 of the previous year shall be included in the summary report.
(3) The school board office candidate shall certify in the summary report that, to the bestof the school board office candidate's knowledge, all receipts and all expenditures have beenreported as of December 31 of the previous year and that there are no bills or obligationsoutstanding and unpaid except as set forth in that report.

Amended by Chapter 389, 2010 General Session