PREFACE
 
This report by the Office of the Secretary of State summarizes campaign financing activity reported by state candidates and officeholders from July 1 through December 31, 1996.
The report is derived from information contained in campaign disclosure statements filed with the Secretary of State by campaign committees controlled by state candidates and officeholders. For each candidate and officeholder, the report identifies: beginning cash on hand (as of 7/1/96); contributions received (from 7/1/96 through 12/31/96); miscellaneous cash increases (receipts which are not campaign contributions - e.g., interest on bank accounts, refunds, and the receipt of repayments of loans previously made by the committee); expenditures made (from 7/1/96 through 12/31/96); ending cash on hand (as of 12/31/96); and outstanding debts (including accrued expenses).

In the sections of the report that provide rank order lists of candidates according to each candidate’s total contributions, expenditures, and ending cash, the following codes are used for each candidate's incumbency status: I=Incumbent, AI=Assembly Incumbent running for a Senate seat, SI=Senate Incumbent running for an Assembly seat, N=Non-Incumbent challenger running against an Incumbent or an Assembly Incumbent or a Senate Incumbent, O=Open Seat.

In the sections of the report that disclose complete financial activity for candidates for the State Senate and Assembly, those candidates identified with an asterisk (*) are incumbents. Candidates identified with bold type won their primary election.
Candidates with zero dollar amounts in all categories include candidates who have filed campaign statements indicating they will raise and spend less than $1,000.
Transfers of campaign funds between candidates/officeholders are deducted at the conclusion of the report so the final figures will not be inflated. In addition, funds transferred from a candidate's/officeholder's controlled committee to another committee controlled by the same candidate/officeholder are netted out to avoid inflating contribution and expenditure totals.
"Contributions Received" consist of monetary and non-monetary (in-kind) contributions received by candidates' committees, plus loans received during the reporting period. Enforceable promises (pledges) are not included.
"Expenditures Made" consist of cash payments and loans made during the reporting period. Also included are repayments during the current period of loans originally received during the prior period. Accrued expenses are not included, although they are reflected in "outstanding debts." In addition, expenditures are adjusted to include amounts equal to non-monetary contributions received.
Candidates’ receipts and expenditures do not reflect independent expenditures made to support or oppose their candidacies.
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