• Definition of a Financial Disclosure Statement
• Public Officials and Candidates File Financial Disclosure Statements
• Filing Financial Disclosure Statements
• Things to Remember

What is a Financial Disclosure Statement?
(DC Official Code § 1-1106.02)

A Financial Disclosure Statement is the annual listing of financial transactions for the prior calendar year, unless the form is submitted as an amendment. The form addresses the following:

• Business Transactions: This consists of business entities transacting any business with the District of Columbia in which the public official (or spouse for jointly titled property) has a beneficial interest valued in excess of $1,000.00, or serves as an officer, director, partner, employee, contractor, consultant or in any other capacity. Business entities include sole proprietorships, partnerships and corporations.
• Business Interest: Any business interest held by the public official (or spouse for jointly held property) in business entities transacting any business with the District of Columbia Government consisting of corporate stock, registered and traded on a national exchange, is listed only if the total value exceeds $5,000.00.
• Liabilities: Each outstanding liability borrowed by the public official (or spouse if a joint liability) exceeding $1,000.00 which is not a loan from a federal or state insured or regulated financial institution, immediate family member, or revolving credit or installment account.
• Real Property: All real property located in the District of Columbia (other than the personal residence actually occupied by the public official or spouse) that the public official or spouse (where jointly titled) holds an interest that has a fair market value in excess of $5,000.00.
• Licenses: Each professional or occupational license issued by the District of Columbia Government.
• Gifts: All gifts received in excess of $100.00 in a calendar year from any business entity transacting business with the District of Columbia Government.

Public Officials and Candidates File Financial Disclosure Statements
(DC Official Code § 1-1106.02(a))

The Mayor of the District of Columbia, the Chairman and each member of the Council of the District of Columbia, the President and each member of the Board of Education, a candidate for nomination for election to public office, (except candidates for members of Advisory Neighborhood Commissions), persons serving as subordinate agency heads or in positions designated within the Excepted Service (regardless of date of appointment) or Legal Service and paid at a rate of DS-13 or above, or in the Management Supervisory Service and paid at a rate of MS-13 or above, and certain members of District of Columbia Boards and Commissions, as enumerated in the Campaign Finance Act or otherwise designated must each file a Financial Disclosure Statement.

Filing of Financial Disclosure Statements
(DC Official Code § 1-1106.02(a))

All candidates for public office shall file a Financial Disclosure Statement within one (1) month after becoming a candidate for such office. Public officials, employees, and members of Boards and Commissions must file Financial Disclosure Statements within 30 days of any change in information in reports previously filed, not later than May 15th of each year, and within 90 days after departure from the position held as a public official.

Things to Remember

• Financial Disclosure Statements must be filed not later than May 15th of each year with the Office of Campaign Finance.