PHILIPSBURG–The Electoral Council has issued a reminder to all registered political parties, including those who did not participate in the 2018 parliamentary elections, that their annual reports for 2018 must be submitted to the Electoral Council before April 1 as stipulated in Article 27 of the National Ordinance on Registration and Finances of Political Parties.
The annual report should include the composition of the board during 2018, the number of contributing members at the beginning and at the end of 2018, the amount of contributions received from members during 2018 and an overview of activities carried out in 2018.
The 2018 annual report must be accompanied by a financial report as laid down in article 28 of the National Ordinance which states that the financial report should at least include the financial position at the start and the end of 2018, a specified statement of income and expenditure, as well as an auditor’s report by a chartered accountant (Dutch: registered accountant/RA) regarding the accuracy of the financial report, donations of NAf. 5,000 or more from a source other than a natural person and the total amount of donations other than contributions from party members.
The Electoral Council said all parties concerned should note that failure to comply with the National Ordinance on Registration and Finances of Political Parties may result in a penalty.
Source: The Daily Herald https://www.thedailyherald.sx/islands/85701-annual-reports-of-political-parties-due-before-april-1