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Presidential, House and Senate candidates must designate a campaign committee. This "authorized committee" takes in contributions and make expenditures on behalf of the campaign.
Persuading voters is the essence of a political campaign. Advertising, theme songs, stump speeches, and even negative campaigning have been around since our country began, and each advance in technology since then has offered new opportunities for candidates to persuade voters.
The Treasurer works closely with the Management Committee to safeguard the organisation's finances, with a watchdog role over all aspects of financial management.
National committees They have the greatest role in presidential election years when they are responsible for planning the nominating convention and also spend heavily in support of their party's nominee (some of this spending is directly coordinated with the nominee's campaign; the rest is in independent expenditures).
Campaign funds may be used to make donations or loans to bona fide charitable, educational, civic, religious, or similar tax-exempt, nonprofit organizations as long as the donation or loan is reasonably related to a political, legislative, or governmental purpose.
Campaigns are generally run by a campaign manager who coordinates the campaign and assures that efforts are being focused effectively.
Sign and file all committee reports and statements. Deposit receipts in the committee's designated bank within 10 days of receipt. Authorize expenditures or appoint someone else (orally or in writing) to authorize expenditures. Monitor contributions, ensuring they comply with legal limits and prohibitions.
What is a Treasurer? Treasurer is a financial professional who manages various financial aspects of an organization, including cash management, risk management, investment activities, and financial planning. They play a crucial role in ensuring the long-term financial stability and success of the business.