Dome Magazine Presents:
“Ask The Expert” This Week: Lisa Farnum
This week’s question: For Political Committees registered with Michigan’s Bureau of Elections, what activities are required to be documented and retained to allow for audit?
Lisa Farnum: The Michigan Campaign Finance Act requires all committee treasurers to retain supporting documentation for a period of five years.
Supporting records include written or electronic copies of all contributions (checks, charges, money orders or charge card receipts) and the name and address of all contributors. For contributions in excess of $100 in one election cycle, the contributor’s occupation, employer and work address must also be documented. Copies of all expenditure documents such as invoices and/or receipts, descriptions of what the expenditure was for, and the Committee’s bank statements should also be retained.
The records of a committee shall be preserved and made available for inspection as authorized by the secretary of state.
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