Form 700: Statement of Economic Interest
The Political Reform Act requires persons holding specified public offices to file disclosures of investments, real property interests, and income within specified periods of assuming or leaving office and annually while holding the office. Elected officials are required by State Law to file their Statements of Economic Interests - Form 700 with the City Clerk, who makes and retains a copy of each statement and forwards the original to the California Fair Political Practices Commission (FPPC).
Public officials and designated employees must file Statements of Economic Interest. Public officials are specified in Government Code Section 87200. They include Mayors, Council Members, City Attorneys, City Managers, Planning Commissioners, and persons who manage public investments. Additionally, candidates for elected positions are required to file a Candidate statement. Employees designated in the Conflict of Interest Code and certain consultants who hold positions that involve making or participating in the making of decisions, which may foreseeable have a material effect on the holder’s financial interests also must file. People in these positions must file Statements of Economic Interests – Form 700 pursuant to the disclosure categories specified in that code.
Designated filers are required to file the Form 700 annually. The annual reporting period is from January 01, XXXX through December 31, XXXX of and is due on April 1st the of following year.
Conflict of Interest Code & Biennial Review A local agency’s conflict of interest code must reflect the current structure of the organization and properly identify officials and employees who should be filing Statements of Economic Interests A code tells public officials, governmental employees, and consultants what financial interests they must disclose on their Form 700s. It helps provide transparency in local government as required under the Political Reform Act.
To ensure the conflict of interest remain current and accurate, each local agency is required to review its Conflict of Interest code at least every even-numbered year.
Statements of Economic Interests – Form 700 are public records and copies may be obtained three ways:
- San Mateo City Clerk's Office - 330 West 20th Avenue, San Mateo, CA 94403
- Fair Political Practices Commission (FPPC) - 428 "J" Street, Suite 620, Sacramento, CA 95814
- Statements are also available in an electronic format on the FPPC website.
- FPPC 700 Site (Fair Political Practices Commission)
- Form 700 Frequently Asked Questions
- FPPC's Toll-Free: +1 (866) ASK-FPPC, +1 (866) 275-3772