What is a Final Report and Termination Statement?
A Final Report and Termination Statement is a Campaign Contribution Disclosure Report (CCDR) form which also contains a Termination Statement for the campaign. . In order to file the Final Report and Termination Statement form , the campaign must have a zero balance of contributions and zero indebtedness.
When is a Final Report and Termination Statement filed?
A Final Report and Termination Statement form is filed either: 1) on 12/31 at the end of the election cycle when the final Campaign Contribution Disclosure Report (CCDR) is due; or 2) at the point in time when the campaign’s indebtedness and contributions are at a zero balance (candidates are required to continue to file CCDRs until these balances reach zero even if the election cycle is over). Termination statements may not be filed prior to December 31 of the election cycle. The termination statement must (among other items) identify the person responsible for maintaining campaign records as required by the Act
Who files a Final Report and Termination Statement?
All campaigns or campaign committees file a Final Report and Termination Statement when: 1) the candidate does not intend to run in future elections for that specific office; 2) the campaign has a zero balance and zero indebtedness. Once a campaign or committee files the Final Report and Termination Statement, that campaign or committee is relieved of the responsibility to file future CCDRs for that specific campaign.