Check and cash disbursements
Disbursements must be made by check or similar draft drawn on an account maintained at the committee’s designated campaign depository.
A committee may make disbursements from a petty cash fund, but petty cash payments to one person for any one purchase or transaction may not exceed $100.
Regardless of whether a disbursement is made by check or from a petty cash fund, the required recordkeeping information must be maintained.
Each disbursement must be identified by:
- Amount of payment;
- Name and address of payee; and
- Purpose of disbursement (a brief explanation of why the disbursement was made, such as “dinner expenses” or “postage”).
Disbursements exceeding $200
For each disbursement of more than $200, the committee must keep a receipt, invoice or canceled check (in addition to the information for all disbursements).;
Contributions and expenditures on behalf of candidates
In addition to the records discussed for all disbursements, a committee must keep the following records on expenditures made on behalf of candidates:
- Name of candidate and office sought by candidate, including the state and, for House candidates, congressional district; and
- Election for which a contribution was made (to facilitate reporting).
Credit card transactions
For each credit card transaction, a committee must retain a monthly billing statement or customer receipt and the canceled check used to pay the account.
Credit union checks or share drafts
A committee may use carbon copies of share drafts or checks drawn on a credit union account provided it also retains the monthly account statement (showing that the draft or check was paid by the credit union).
Best efforts to document disbursements
If a treasurer fails to receive a receipt, invoice or canceled check (required for disbursements exceeding $200), he or she must make at least one written effort per transaction to obtain a duplicate copy of the needed documentation in order to show he or she used “best efforts.”