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Farragut candidates file financial disclosures


As required by the Campaign Financial Disclosure Act of 1980, all candidates running for public office, who meet certain requirements set forth in the Act, must file a financial disclosure form with the Knox County Election Commission.

Prospective Candidates

Any individual who receives contributions or makes expenditures (except for incidental expenditures) to determine if he or she will be a candidate for state or local public office is required to report to the appropriate agency.


Announced Candidates

Any individual who has made a formal announcement of his or her candidacy for a state or local elected public office or who has formally qualified to seek election to public office in a primary or general election in Tennessee is required to report to the appropriate agency.

Candidates Exempted

A local candidate may be exempt from the Campaign Financial Disclosure Act’s requirements if he or she is seeking a public office for which the service is part-time and for which the compensation is less than $500 per month. This exemption does not apply if the public office being sought is that of a chief administrative officer or if the candidate spends more than $1,000 seeking election to the public office.

A campaign financial disclosure statement must be filed no later than seven days before the general election.

It is illegal for the officers of any corporation doing business in Tennessee to use corporate funds to aid in the election or defeat of any candidate. That means corporations are prohibited not only from giving money to candidates and their committees, but from giving money to any political campaign committee that supports the election or defeat of any candidate. Corporate officers who violate this provision are guilty of a Class C misdemeanor under state criminal law.

The Registry of Election Finance has the authority to impose civil penalties against a candidate for failing to file a statement on time and ignoring subsequent warnings about the required report. The Registry also has the authority to impose civil penalties for other violations.

Mayor Eddy Ford, in a financial disclosure statement dated March 29, revealed his political campaign contributions and expenditures from Dec. 31, 2008 to March 28.

Total receipts in this period were $7,441.78. Total disbursements were $5,765.45. Balance on hand was $1,676.33; the balance on hand in last report was $0. Total loans outstanding were $1,000. Total obligations outstanding were $914.80.

Ford’s unitemized contributions ($100 or less from each source) totaled $3,285. His itemized contributions (more than $100 from each source) totaled $3,156.78, for a combined total contributions amount of $6,441.78.

His itemized contributions included $250 from Bob Edlund, $506.78 from Joel Garber, $500 from John Turley, $250 from Wayne Davis, $500 from Duncan for Congress, $500 from Linda Ford, $200 from Terry Cox, $250 from Mildred Bass and $200 from Ronnie Carroll.

Ford’s total expenditures were $5,765.45.

Mayoral candidate Ralph McGill, in a statement dated March 29, disclosed financial records for his political campaign for the period from Jan. 22 to March 28.

Total receipts in this period were $2,150. Total disbursements were $619.90. Balance on hand was $1,530.10; balance on hand in last report was $0. Total obligations outstanding were $1,500.

McGill’s unitemized contributions ($100 or less from each source) totaled $1,750. Itemized contributions (more than $100 from each source) totaled $400, for a total contribution amount of $2,150.

His itemized contributions included $200 from David Freeman and $200 from Thomas Deakins.

McGill’s total expenditures were $619.90 and itemized in-kind contributions were $3,642.78, reported as “advertising,” “printing” and “consulting services.”

Alderman Ward I incumbent Tom Rosseel, in a statement dated March 28, disclosed financial contributions and expenditures for his political campaign from Jan. 2 to March 28.

Total receipts in this period were $1,610.05. Total disbursements were $968.57. Balance on hand was $726.40; balance on hand in last report was $84.92. Rosseel reported no loans or obligations outstanding.

Rosseel’s unitemized contributions ($100 or less from each source) totaled $1,410. His itemized contributions (more than $100 from each source) totaled $200, for a combined total contribution amount of $1,610.05.

His itemized contribution was $200 from Marie Rosseel.

Rosseel’s total expenditures were $968.57 and itemized in-kind contributions were $315.28, reported as “recycled yard signs.”

Financial disclosures from Alderman candidate Bob Markli and Alderman candidate Jeff Elliott were not available prior to presstime Tuesday, March 31. Copies of those financial disclosures will be posted on the farragutpress Web site at www.farragutpress.com as soon as they are made available.

 

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