{news} tag sales/yard sales/garage sales

[Judith Herkimer]

Dear CT Greens,
At the 8/30 SCC meeting, a question was posed to me by a chapter rep. asking what their responsibilities are for holding tag sales/yard sales/garage sales. After consulting with the CT State Elections Enforcement Commission, one of their staff accountants provided the below information. 

As the GPC continues to grow and expand its presence, it is vitally important that our financial activities, recordkeeping and mandatory reporting be accurate and comprehensive, following all statutory requirements. 

If there are further questions, please do not hesitate to write to the news listserv, write to me personally or call. Many thanks to Bob Eaton (GPC immediate past-treasurer) for his help in the compilation of this information.

Best to all,
Judy Herkimer
Treasurer
jherkimer at snet.net
860-672-6867

Green Party of Connecticut
Instructions for Tag Sales/Garage Sales/Yard Sales
September 3, 2005


1) Items donated for a tag sale are reportable, but are not considered a "contribution" or an "in-kind contribution". This means that an accounting of every item received (description and value) that is under $50 must be submitted to the GPC treasurer who then includes each item in the State of Connecticut mandatory quarterly filing. The reportable value of these types of items are not counted towards an individual's maximum allowed contribution for any given: calendar year, candidate, candidate committee, exploratory committee, town committee, state central committee, etc. The GPC member who receives the item is responsible for assigning the value to an item...not the donor. The cumulative value for this category of donated items must not exceed $50 per individual. Obtaining the name, address and employer of the donor is suggested, but not required; you are urged to obtain this information.

For items received that are valued over $50 (individual or cumulative), these are considered "contributions", are reportable and every item's accounting (description and value) is required along with the donor's name, address and employer. This amount counts towards an individual's maximum allowed contribution for any given: calendar year, candidate, candidate committee, exploratory committee, town committee, state central committee, etc.

No individual who is less than sixteen years of age shall make a donation of items in aggregate excess of thirty dollars.

2) Amounts received by a GPC member at tag sales that are under $50 are reportable, but are not considered a "contribution". An accounting of every item purchased (description and value) that is under $50 must be submitted to the GPC treasurer who then includes each item in the State of Connecticut mandatory quarterly filing. The cumulative value for this category of purchased items must not exceed $50 per individual. Obtaining the name, address and employer of the donor/purchaser is suggested, but not required; you are urged to obtain this information.

For items purchased that are valued over $50 (individual or cumulative), these are considered "contributions" and are reportable. Every item's accounting (description and value) is required along with the donor/purchaser name, address and employer. This amount counts towards an individual's maximum allowed contribution for any given: calendar year, candidate, candidate committee, exploratory committee, town committee, state central committee, etc.

No individual who is less than sixteen years of age shall make a donation/purchase of items in aggregate excess of thirty dollars.
No individual shall make a contribution in excess of one hundred dollars except by personal check or credit card of that individual.

The actual monetary proceeds (cash and checks) must be submitted to the GPC treasurer for deposit into the checking account. Any percentage owed to the chapter or committee will be computed by the treasurer and entered into their internal GPC balance. 

3) For business entities who donate items or purchase items, change the limits in the above #1 and #2 to $100. Donated items are reportable but are not considered a "contribution" or an "in-kind contribution". However, the following is from the GPC's fiscal policy:

"Organizations: Receipt of money from political action committees (PACs) is subject to review by the SCC, based on the Ten Key Values of the Connecticut Green Party. The SCC may direct that money received from a particular PAC by the CT Green Party must be returned to that PAC. Grants or contributions from foundations or other non-profit organizations will be accepted, to a limit of $2000 per year per grantor. No contributions will be accepted from for-profit corporations."
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