| |
DO
I NEED TO DISCLOSE MY HOME ADDRESS ON THE COVER PAGE? |
 |
No. Since the
Form 700 is a document available for public review, you may use
your business/office address.
| |
DO
I NEED TO DISCLOSE MY INTEREST
IN MY PRIMARY RESIDENCE OR INVESTMENTS IN
DIVERSIFIED MUTUAL FUNDS? |
|
No. Your primary residence and mutual funds registered with
the Securities and Exchange Commission (SEC) are not reportable.
| |
ARE
THERE OTHER INVESTMENTS WHICH I AM NOT REQUIRED
TO DISCLOSE? |
|
Yes.
You are not required to disclose bank accounts, savings accounts,
and money market accounts; insurance policies; annuities; shares
in a credit union; government bonds; retirement accounts invested
in non-reportable interests such as insurance policies, diversified
mutual funds or government bonds.
| |
IF
MY SPOUSE OR REGISTERED DOMESTIC PARTNER
OWNS HIS OR HER OWN BUSINESS, WHERE MUST I REPORT THIS INTEREST? |
|
You
must report on Schedule A-2 your community property interest in
your spouse’s or registered domestic partner’s share
of the gross income to the business entity.
| |
WHAT
IS AN INTEREST IN A REAL PROPERTY? |
|
An interest in a real property can be an ownership interest;
a deed of trust, a lease, easement, or option to acquire property;
or your spouse’s or registered domestic partner’s interests
in real property that are legally held separately by him or her.
| |
DO
I NEED TO DISCLOSE MY MORTGAGE AND CREDIT CARD LOANS? |
|
No.
You are not required to report loans from commercial lending institutions
if the loan is made in the lender’s regular course of business
and on the same terms available to other members of the public.
| |
DO
I NEED TO REPORT BENEFITS FROM OTHER GOVERMENT AGENCIES?
|
|
No. You are not
required to report income or benefits received by you or your spouse
or registered domestic partner from a federal, state, or local government
agency. This includes your own City salary.
| |
WHAT
IS THE GIFT LIMIT THIS YEAR? |
|
Assuming this is a gift that you can accept under City law,
the State gift limit is $390.
| |
DO
I NEED TO REPORT ALL GIFTS THAT I RECEIVED OR THAT MY FAMILY
RECEIVED? |
|
You must report all gifts over $50 (Schedule D) regardless
of the location of the donor. (Look to the directions on the Form
700, for exceptions.) In addition, the City ordinance requires that
you file a Family
Gift Reporting Form for gifts received by your spouse, domestic
partner, and dependent child if the gift would have been prohibited
had it been given to you. This form is filed with your Form 700.
| |
WHAT
IF I LEARN OF NEW INFORMATION OR MADE A MISTAKE IN THE FILING? |
|
You may amend the schedule that needs to be revised at any time.
Amendment schedules can be obtained from the Office of the City
Clerk or at www.fppc.ca.gov.
| |
ARE
THE COMPLETED FORMS PUBLIC DOCUMENTS? |
|
Yes. Statements of Economic Interests are public documents. The
City Clerk’s office allows any member of the public to inspect
and copy any statement.
- Forms are
available for public inspection during the agency's regular business
hours.
- No conditions
may be placed on persons seeking access to the forms.
- No information
or identification may be requested from persons seeking access.
- Reproduction
fees of no more than 10 cents per page may be charged.
| |
WHY
DO I NEED TO FILE? |
|
The Political
Reform Act requires most state and local government officials
and employees to publicly disclose their personal assets and income.
They must also disqualify themselves from participating in decisions
that may affect their personal financial interests. The Fair Political
Practices Commission (FPPC) is the State agency responsible for
issuing the Statement of Economic Interest (Form 700), and for
interpreting the law’s provisions. More information can
be found in FPPC’s, pamphlet, “Your
Duty to File”.
|
