Fppc Form 700 - Statement Of Economic Interests Page 10

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instructions – schedule c
income, loans, & Business Positions
(income other than gifts and travel Payments)
Reporting Income:
You are not required to report:
Report the source and amount of gross income of $500 or
• Salary, reimbursement for expenses or per diem, or
more you received during the reporting period. Gross income
social security, disability, or other similar benefit payments
is the total amount of income before deducting expenses,
received by you or your spouse or registered domestic
losses, or taxes and includes loans other than loans from a
partner from a federal, state, or local government agency.
commercial lending institution. See Reference Pamphlet,
• Stock dividends and income from the sale of stock unless
page 11. You must also report the source of income to your
the source can be identified.
spouse or registered domestic partner if your community
• Income from a PERS retirement account.
property share was $500 or more during the reporting period.
See Reference Pamphlet, page 11, for more exceptions to
The source and income must be reported only if the source
income reporting.
is located in, doing business in, planning to do business in,
or has done business during the previous two years in your
to complete schedule c:
agency’s jurisdiction. See Reference Pamphlet, page 13,
Part 1. income received/Business Position disclosure
for more information about doing business in the jurisdiction.
• Disclose the name and address of each source of income
Reportable sources of income may be further limited by
or each business entity with which you held a business
your disclosure category located in your agency’s conflict of
position.
interest code.
• Provide a general description of the business activity if the
Reporting Business Positions:
source is a business entity.
You must report your job title with each reportable business
• Check the box indicating the amount of gross income
entity even if you received no income during the reporting
received.
period. use the comments section to indicate that no income
• Identify the consideration for which the income was
was received.
received.
commonly reportable income and loans include:
• For income from commission sales, check the box
• Salary/wages, per diem, and reimbursement for expenses
indicating the gross income received and list the name of
including travel payments provided by your employer
each source of commission income of $10,000 or more.
• Community property interest (50%) in your spouse’s
See Reference Pamphlet, page 8. note: if you receive
or registered domestic partner’s income - report the
commission income on a regular basis or have an
employer’s name and all other required information
ownership interest of 10% or more, you must disclose
the business entity and the income on schedule a-2.
• Income from investment interests, such as partnerships,
reported on Schedule A-1
• Disclose the job title or business position, if any, that you
held with the business entity, even if you did not receive
• Commission income not required to be reported on
income during the reporting period.
Schedule A-2 (See Reference Pamphlet, page 8.)
• Gross income from any sale, including the sale of a house
Part 2. loans received or Outstanding During the
or car (Report your pro rata share of the total sale price.)
Reporting Period
• Rental income not required to be reported on Schedule B
• Provide the name and address of the lender.
• Prizes or awards not disclosed as gifts
• Provide a general description of the business activity if the
lender is a business entity.
• Payments received on loans you made to others
• Check the box indicating the highest balance of the loan
• An honorarium received prior to becoming a public official
during the reporting period.
(See Reference Pamphlet, page 10, concerning your ability
to receive future honoraria.)
• Disclose the interest rate and the term of the loan.
• Incentive compensation (See Reference Pamphlet, page
-
For variable interest rate loans, disclose the conditions
12.)
of the loan (e.g., Prime + 2) or the average interest rate
paid during the reporting period.
-
The term of the loan is the total number of months or
years given for repayment of the loan at the time the
reminders
loan was entered into.
• Code filers – your disclosure categories may not require
• Identify the security, if any, for the loan.
disclosure of all sources of income.
• If you or your spouse or registered domestic partner are
self-employed, report the business entity on Schedule A-2.
• Do not disclose on Schedule C income, loans, or business
FPPC Form 700 (2017/2018)
positions already reported on Schedules A-2 or B.
FPPC Advice Email: advice@fppc.ca.gov
FPPC Toll-Free Helpline: 866/275-3772
Instructions – 5

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