10 COMMON ERRORS


  1. Sign your statement

    An unsigned statement is not considered filed and could subject you to late filing penalties.

  2. Submit the original

    The statement must contain an original signature. The University cannot accept a photocopy of the verification section in which you certified your statement as true and correct under penalty of perjury.

  3. Know your jurisdiction

    The jurisdiction for University officials is the State.

  4. Check your disclosure categories

    You may need to report only certain types of interests. Be sure to check your disclosure categories in the appendix of the University’s Conflict of Interest Code that describes the specific types of interests you must report.

  5. Report your spouse’s interests

    Your spouse’s investments and interests in real property are reportable. Fifty percent of your spouse’s income is considered your income and must be disclosed.

  6. University salary or reimbursements

    You are not required to report the salary or reimbursements for expenses, including travel expenses, that you receive from the University.

  7. Don’t report personal residences

    You need only to report the portion of a personal residence that is used as a place of business for tax purposes.

  8. Diversified mutual funds are not reportable

    Neither are bank accounts, savings accounts, insurance policies or government bonds.

  9. Use the schedules

    Don’t attach brokerage statements or other extraneous information.

  10. Annual Form 700 is due April 1, 2008

    There is no provision in the law for extensions of filing deadlines.


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Send questions, comments, or suggestions to Ross.Smith@ucop.edu

Last updated February 2008