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Installment Payments
Contributions may be received as installment payments made at regular intervals over a period of time via credit card, debit card, wire
transfer, or similar electronic means. When a contributor authorizes a series of installment payments, the contribution is reported as received when the committee, or an agent of the committee, obtains possession or control of the funds for each installment payment.
Click here to review the FPPC's guidelines for more information about reporting installment payments on the 460.
Ex: Sandra Nickel informed your committee that she wanted to contribute a total of $500, in five payments of $100 each month from June through October. On the committee's statement due July 31 covering the period January 1 through June 30, the campaign statement must itemize Sandra and report receipt of $100 on June 1. The statement would not include the future contributions.