Financial Disclosure Requirements

40.1 Each Political Entity certified to participate in the election shall submit a Campaign Financial Disclosure Report for the Entity, including all of its branches and all its constituent parts, and ending with the day of the election. Campaign Financial Disclosure Reports for the Entity shall be submitted no later than forty-five (45) calendar days after the day of the election.

40.2 Each Campaign Financial Disclosure Report of every political entity including all of their branches and constituent parts shall include complete and accurate disclosure of:

a) the Income of the Political Entity during the reporting period, including the source and date of all cash Contributions;

b) all Expenditures, including Campaign Expenditures, made by the Entity during the reporting period; and

c) a balance sheet showing the Assets, Liabilities and Equity of the Entity as of the first and last day of the reporting period.

40.3 Political entities shall provide the Office with copies of receipts for each administrative fee paid.

40.4 The Office shall report to the CEC on all administrative fees collected and remitted hereunder to the Kosovo Consolidated Budget.

40.5 If a Political Entity fails to submit a Campaign Financial Disclosure Form by the deadline, or if it submits an incomplete or inaccurate report, the Office may file a complaint with the ECAC in accordance with the procedures of that body.

40.6 Each Political Entity certified to participate in an election shall keep and maintain for a period of seven (7) years accurate and detailed records of the financial situation of the Entity and all of its branches during the period covered by the Campaign Financial Disclosure Reports, including:

a) accounting books that record, in accordance with generally accepted accounting principles:

(i) all Income by source, amount, identifying the manner in which the Payment was made (i.e. cash, cheque, bank draft, etc.); and
(ii) all Payments made by the Entity to another person, the purpose of the Payment and the manner in which the Payment was made;

b) receipts for all Expenditures in excess of one hundred euro (€100);

c) bank records for all accounts held by or on behalf of the Political Entity;

d) documents establishing the legal basis for ownership or occupation of all real property occupied by the Political Entity;

e) contracts to which the Entity is a party, including contracts relating to the lease or purchase of movable or immovable property;

f) a record of all Contributions to the Entity, regardless of when they were made, including:

(i) the value of each Contribution; (ii) the date on which each Contribution was made;
(iii) the full name, address and Civil Registration, passport or driver’s license number of each contributor; and
(iv) the full name of the person who received the Contribution on behalf of the Entity.

40.7 Each Financial Officer shall attend a training session in accounting and auditing arranged by the Office as soon as possible after his or her appointment unless he or she can establish to the satisfaction of the Office that he or she possesses sufficient expertise and experience that such training is not necessary.