Election Cycle to Date Total Incorrect on FEC Report
Let's say that you have an Individual who has an election cycle to date total of $5400. However, the FEC report is only showing $4800 because you did a refund of $600. If a refund of $600 is done as a disbursement, it does not affect actual election cycle to date totals. The Individual still gave $5400. The refund does affect the election cycle to date totals. The amount shown in the cycle to date should be all receipts minus any refunds and some memos where the memo reflects the movement of the responsibility to another party such as a wife to a husband. These calculations are done on a daily basis so if the refund is on or before the date of the receipt, then the total will reflect that.
Article ID: 919
Last updated: 10 May, 2010