Help for REFS

Adjustment Schedule - Refund of Excessive Contributions
 

NOTE: IF YOU RECEIVE A CONTRIBUTION THAT YOU KNOW IS IN EXCESS OF THE CONTRIBUTION LIMIT, YOU MAY SIMPLY RETURN IT; THE CONTRIBUTION DOES NOT HAVE TO BE DEPOSITED FIRST AND THEN RETURNED. IF YOU RETURN AN EXCESSIVE CONTRIBUTION BEFORE IT IS DEPOSITED, IT DOES NOT HAVE TO BE REPORTED.

Remember: contributions may be in the form of money, loans, or goods and services (in-kind).

Monetary
If a contribution is deposited and the aggregate contribution amount exceeds the amount allowed by law, refund the excess amount of the contribution.

Loans
Loans are subject to the contribution limits. If a loan is obtained in excess of the limits, refund the excess amount of the loan.

In-Kind
In-kind contributions are goods or services that benefit a candidate or committee. An in-kind contribution is valued by applying the “fair market value” to the goods or services. After determining the fair market value, please consult the contribution limits to be sure that the limits were not exceeded. If the limits were exceeded, refund the excess amount of the contribution (by disbursement).

All refunds must be made within 48 hours of receipt of the excessive contribution.

Adjustment Schedule

 

Adjustment Schedule – Insert Schedule Details – Contribution Screen

The “Schedule Type” is defaulted to Schedule A. Therefore, if you wish to enter information on the Adjustment Schedule, you must select “Adjustment Schedule – Refunds of Excessive Contributions” from the drop down list.

Indicate the Contributor Type (Individual or Non individual). Note that the default will be set to “Individual.” Enter the check number, payment date and the dollar amount refunded (no dollar sign) of the refund.

Click the right arrow button or Tab to the “Contributor Details” screen and enter the contributor’s name and address information. Provide the contributor’s occupation by clicking on the “Occupation” list and selecting an occupation from the list provided. If you cannot find the appropriate occupation after reviewing the list, you may select “Other” found at the end of the list. If you have entered this contributor’s name and address previously, click on the “Last Name” list to select the name. All of the address, occupation and employer information will be automatically populated from the previous entry.

Note: Once the contributor is selected the “Aggregate Amount” is automatically calculated and includes the adjusted dollar figure.

If this adjustment is being made to an individual, click or tab to the “Employer Details” screen and enter the employer information (name, address, city, state and zip code).

Click the “Save” button when you are finished with this entry. You can select another schedule to work with or “Close” to work in another area.

 
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