Have you ever gotten close to election day and found out you don’t have enough money in the bank to make any pre-election disbursements? Or have you found yourself with a surplus of cash following an election? Either way, planning your spending at the start of a new year or new election cycle will help avoid cash-flow issues and reporting mistakes.
The best way to map out contributions is to create a PAC budget and identify intended recipients and contribution amounts. Your Board or Approval Team can “pre-approve” the proposed recipients in the budget list, and PASS can provide you with feedback on whether registration will be required in any new jurisdiction. This allows you to plan your registrations in advance of contributing. When you are ready to make your contributions, PASS can complete the compliance review and check processing for each recipient, to ensure disbursements are compliant with federal and state regulations and delivery is not delayed.
PASS offers a Budget Module as part of our epacInfo® software suite. The beauty of using epacInfoBudgets® is that you can create your disbursement request directly from your budget record, without needing to re-enter information. Your budget is updated as soon as a check is cut so no manual updating of spreadsheets is needed. PASS can load your budget at the beginning of the year or cycle, and you can update budgets as priorities change or retirements are announced.
PASS offers a Budget Module as part of our epacInfo® software suite. The beauty of using epacInfoBudgets® is that you can create your disbursement request directly from your budget record, without needing to re-enter information.
PASS can also give you guidance on how to avoid additional pre-election or 24-hour late contribution reporting, depending on your time-sensitive disbursement needs. Working together, we can help meet your spending goals and reporting obligations in the most efficient way possible.
With over 40 years of experience, our PAC compliance experts can help you budget and track your PAC spending to maximize your impact. Let our Compliance Experts help you during this busy election season!