Whether you're a State PAC, ballot measure committee, primarily formed committee or a Federal Super PAC, you're covered with PCI.
We start by getting the committee's name registered with the Secretary of State (if a California committee) by hand delivering it to them in Sacramento and walking out the same day with a valid committee ID. This is crucial to fundraising as many donors want to confirm your existence before writing a check. If you're a Federal PAC, we do it online in a matter of minutes. No paper mailings, no waiting for Washington to "get back to us". After all, this is 2019 and not 1920 and we deliver the same day once you've committeed to PCI being your treasury services provider. It's all part of the value-added services we provide.
We sign up with our preferred hosted compliance solution hosted solution, IS Political. ISP, as we call them, provides unparalleled reporting features not found in many other solutions offered and does so at a scaled, affordable price.
So here's what we do each month:
- Review the month-end bank statements covering all cleared transctions.
- Post all such transactions if not already done.
- Reconcile each account register. If they don't reconcile, we don't file until they do.
- Review with the PAC principal all of the aforementioned transactions as well as any checks written that have not cleared the bank as campaign compliance is based on the accrual method of accounting, i.e. when the check is written, or the contribution is received, as all such "uncleared or undeposited" transactions must be posted as well.
- Run a draft copy of the report(s) to be filed and confirm that the ending balances of the prior report match the beginning balances of the current report.
- Send the PAC principal a copy of the report for approval.
- File the reports with the resapective agencies and then forward the confirmation of such to both the treasurer and their chairman.
- Additionally, send a monthly financial report to PAC principal showing all transactions for the period just reported.
In addition, we provide:
- Compliance and disclosure assistance to the committee in the form of review and approval of fundraising ads, slate mailers, digital ads, etc. for proper disclaimers.
- Advice and guidance to PAC principals on day-to-day questions that might arise.
- Digital storage of all records for the PAC.
Tired of doing it all yourself? Call us for a no obligation quote to streamline your compliance needs @ 415 250-4036 or email us.
