Use Schedule 10 to report all debts and obligations, including loans with unpaid balances, whether from individuals or banks, and obligations to vendors which have been incurred but not paid by the campaign at the time the Form G-1 is due for filing. For each item to be reported, select either the “Outstanding Obligation” or “Loan” button. An outstanding loan or obligation must continue to be reported on Schedule 10 until it has been reported as fully paid or satisfied.
As you prepare each Form G-1 for filing, check the box “Include” to report the outstanding obligation or loan on the G-1 Report. The outstanding obligation or loan will continue to be listed in each subsequent G-1 Report until it is fully paid or satisfied. Once the obligation has been reported as satisfied, it is no longer required to be identified in a subsequent report period. Use the Edit function in the Expenditure Menu to select the Schedule 10 entry to be edited. In the “edit” mode, uncheck the “Include” box. The obligation or loan will no longer be listed on Schedule 10 that is submitted to the Commission.
Use “Description of Obligation” to describe the nature of the obligation (e.g., bank loan, personal loan, balance due for printing). Enter the “Date Obligation Incurred” and “Original Amount” of the obligation in the appropriate fields.
In the “Amounts” fields, enter any “Payment This Period,” the “Cumulative Payments to Date,” and the unpaid “Outstanding Balance.” Using the drop down box, Click on the correct creditor type from among the following:
- B - for a creditor that is a bank
- N - for a creditor that is non-individual
- I - for a creditor who is an individual
Enter the “Name and Address of Creditor.” After entering the details for each loan or obligation, Click SAVE. Click CLOSE when you have finished entering details for Schedule 10.