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Video instructions and help with filling out and completing 2020 schedule b
Hello we are the Fair Political Practices Commission or the FPPC and we would like to welcome you to our video series for form 700 filers this module will discuss how to complete Schedule B for interests in real property please note that advice can be fact-specific and that you should not rely on this video alone for help we are available by phone or email if you would like to contact us directly with your questions additionally there are several other resources which we will discuss later in this video also note that during the video we will refer to both the form 700 and the statement of economic interests these are in fact the same document but in general the form 700 is the form before it has been completed while the statement is a completed form to get to the form 700 page on our website started our homepage and click on the box that says file a Form 700 the page that opens not only has a link to the form but two other resources that we will be discussing during this module supplemental materials such as the reference pamphlet the Excel form the gift and travel fact sheet and amendment schedules can be very helpful to you when completing your statement as the title of the schedule indicates this is where you will report your interests in real property this includes buildings in land that you own during the reporting period keep in mind that the property must be located in your agency's jurisdiction for it to be reportable and it must have a value of at least $2,000 Schedule B is also where you disclose a non-commercial loan that is secured by real property please note that you should only disclose property or loans that are reportable per your agency's conflict-of-interest code and you may find that your code narrows what must be disclosed for training purposes this video assumes that your properties and loans are reportable per your agency's conflict-of-interest code for more information on how conflict of interest codes may limit your disclosure requirements please see our need-to-know video finally if you are filing an annual statement you must report property that you've held bought or sold in the past calendar year if you are filing an assuming office statement or a candidate statement you should report the properties you hold on the day you assumed office if you are filing a leaving office statement you must report the properties that you've held since you filed your last annual statement this slide shows various types of reportable interests that you may have to disclose in general you will report real property interest the you own that are located in your agency's jurisdiction and that generate income for you for more information on reportable and non-reportable interest in real property see the form 700 instructions and reference pamphlet fortunately there are many types of real property interests that are not reportable the