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FEC Form3 Schedule D - Debts and Obligations

Article ID: 678
Last updated: 16 Feb, 2010

Schedule D – Debts and Obligations 
 

 
Blank Schedule D, Partial 

 
Schedule D is used to continuously report Debts and Obligations, whether they are owed to or by
the committee.  The original reporting of the debt will show on either Line 9 or Line 10 while the
payment will show on either Line 15 or Line 17.


Debts Owed to the Committee are linked to their payments via the Contribution Records’
Contact fields.  These fields should be filled with an identical string of letters and/or numbers.
 
[Debt Contribution Record Contact]<->[Payment Contribution Record Contact]
 
If multiple Debts and Obligations exist within the same Master Record, each Debt and
Obligation must have its own unique string. 
 
 
Debt Owed to the Committee
1)  On the Debtor’s Master Edit Screen, fill in the Mailing Information and Record
Type.
2)  Create a new Contribution Record.  Enter the Date, Amount, Period and a Note
describing the Debt.  The Contribution Type should be changed from Receipt to
Debt/Obligation.  Enter a unique string of letters and/or numbers into the Contact
field. 
 
Increase of Previous Debt
1)  On the Debtor’s Master Edit Screen, make sure the Mailing Information and
Record Type are properly filled in.
2)  Create a new Contribution Record.  Enter the Date, Amount, and Period. The Note
field on this new record will show on Schedule D instead of the Note for the original
Debt Contribution Record.  The Contribution Type should be changed from Receipt
to  Other Receipt.  Enter the same unique string of letters and/or numbers into the
Contact field as you did on the original Debt. 
 
Payment of Debt Owed to the Committee
1)  On the Debtor’s Master Edit Screen, make sure the Mailing Information and
Record Type are properly filled in.
2)  Create a new Contribution Record.  Enter the Date, Amount, and  Period.  The
Contribution Type should be changed from Receipt to Other Receipt. Enter the same
unique string of letters and/or numbers into the Contact field as you did on the
original Debt.

Debts Owed by the Committee are linked to their payments via the Disbursement Records’ Item
# fields.  These fields should be filled with an identical string of letters and/or numbers.
 
[Debt Disbursement Record Item #]<->[Payment Disbursement Record Item #]
 
If multiple Debts and Obligations exists within the same Master Record, each Debt and
Obligation must have its own unique string. 
 
Debt Owed by the Committee
1)  On the Payee’s Master Edit Screen, fill in the Mailing Information and Record
Type.
2)  Create a new Disbursement Record.  Enter the Date, Amount, Period and a Purpose
describing the debt.  The Disbursement Kind should be changed from Operating
Expenditure to Debt/Obligation.  Enter a unique string of letters and/or numbers into
the Item # field. 
 
Increase of Previous Debt
1)  On the Debtor’s Master Edit Screen, make sure the Mailing Information and
Record Type are properly filled in.
2)  Create a new Disbursement Record.  Enter the Date, Amount, and Period. The
Purpose field on this new record will show on Schedule D instead of the Purpose for
the original Debt Disbursement Record.  The Disbursement Kind should be changed
from  Operating Expenditure to Debt/Obligation.  Enter the same unique string of
letters and/or numbers into the Item # field as you did on the original Debt. 
 
Payment of Debt Owed by the Committee
1)  On the Debtor’s Master Edit Screen, make sure the Mailing Information and
Record Type are properly filled in.
2)  Create a new Disbursement Record.  Enter the Date, Amount, and  Period.  The
Disbursement Kind should remain as an Operating Expenditure. Enter the same
unique string of letters and/or numbers into the Item # field as you did on the original
Debt.

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Article ID: 678
Last updated: 16 Feb, 2010
Revision: 1
Views: 717
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