Statement of Loans Made - Form 31-K

The Statement of Loans Made form is used only if money is loaned to another committee. It tracks the status of the loan from the time it is first made until it is either repaid or forgiven. For example, if a loan is given in one reporting period and not repaid, then every time a report is filed the loan will appear as outstanding, even though there was no activity during the current period.

The State block should be completed with the U.S. Post Office's standard two-letter abbreviation. For example, Ohio would appear as OH.

The Date block should be completed with six digits. For example, March 9, 2001, would appear as 03 09 01.

The total of all new loans made should be transferred to the Statement of Expenditures. The total of all payments received should be transferred to the Statement of Other Income. A transfer is done by placing the words “Total of loans made from Form no. 31-K” or “Total loan payments received from Form no. 31-K,” as appropriate to the situa­tion. If the loan is forgiven, write “Forgiven” in the Outstanding Balance space. The total of all outstanding loans made should appear on line 11 on the cover page.