skip navigation
Here's how you know US flag signifying that this is a United States Federal Government website

An official website of the United States government

Here's how you know

Dot gov

Official websites use .gov
A .gov website belongs to an official government organization in the United States.


Secure .gov websites use HTTPS
A lock ( ) or https:// means you've safely connected to the .gov website. Share sensitive information only on official, secure websites.

  • Tips for Treasurers

Debt Disclosure, Part 3: Understanding Net Debts Outstanding

March 10, 2008

This is the third of our monthly tips on proper reporting of debts owed by committees. In the middle of primary season, campaigns are reminded that they may only accept contributions to retire debt from an election if they have net debts outstanding for that election -- that is, more debts outstanding than cash-on-hand for that particular election. For example, a campaign wins its primary on March 10, but has $150,000 in cash-on-hand raised for the primary, and $300,000 in debts remaining from the primary. The campaign has a net debt outstanding for primary 2008 of $150,000 ($300K in debts - $150K in cash on hand). As a result, the campaign may raise $150,000 in contributions specifically designed for "primary debt 2008," but only from contributors who have not already given the maximum amount for the 2008 primary election. Note that the campaign must continually adjust the net debts outstanding calculation to adjust for funds raised and bills paid, and it must retain this documentation in its records. Click here for more examples and information on how to comply with the net debts outstanding requirements.