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Municipal campaign finance reporting currently ends shortly after an election, with no ongoing requirement to disclose account activity in later years. This bill would require municipal candidates to file an annual year-end summary report with their city clerk by January 10 each year, listing their campaign account balance and any contributions or expenditures from the previous year, continuing until the candidate formally dissolves the account by filing a statement showing a zero balance after spending down remaining funds through refunds to donors, donations to a nonprofit, or other lawful political spending. Candidates who miss the January 10 deadline would face a $100 fine (reduced from $250 in an earlier version of the bill), though clerks must give candidates a chance to show the fine shouldn't apply. Cities would still be allowed to adopt stricter reporting rules of their own.