State law requires an accounting of all money received or spent in the course of a political campaign.
In Swampscott, the Election Commission serves as the Town's Campaign and Political Finance Director for all local campaigns. As a result, the financial disclosure statements of candidate and ballot question committees must be filed with the Board and maintained for public inspection.
The financial disclosure statements must be on forms prescribed by the Election Commission and include the name of the candidate or ballot question committee; the address of the committee; the committee's chairman and treasurer; an accounting of all contributions received; and a listing of all individuals who contributed over a prescribed amount. The statements also must include an accounting of all campaign expenditures.
The statements, which are filed periodically throughout the year, are reviewed and audited by the Election Commission. The filing deadlines for Town candidates or questions are: the eighth day before a Town preliminary election, general election or special election; thirty days after an election; and the twentieth day of January, with an accounting of all required information through December 31 of the preceding year.