The City of Colorado Springs requires disclosure of information relating to campaign finance. Candidates, candidate committees, issue committees, and political committees must file the disclosure statements. See City Code sections 5.2.201 through section 5.2.211 for more detailed information.
There are no limits on the amount of contributions to a candidate or committee. However, all contribution sources for candidates, candidate committees, political committees, and issue committees are required to disclose periodically a "Report of Contributions and Expenditures."
The threshold that triggers the requirement to file is very low. Once a candidate or a committee has expenditures OR receipts of $20 dollars or more during the election cycle, reporting is required for ALL reporting periods. Later reporting periods may not have any expenditures or receipts, but reporting is still required. The threshold for issue committees is higher at $200. Once reporting is required, candidates and committees must report all contributions and expenditures. Contributions and expenditures of $20 or greater must be itemized. Specific information about each contributor must be reported. Loans must also be reported.
If you are not sure whether a contribution must be reported, it is advisable to report it. There is no harm in over reporting.
Current election information is available at http://coloradosprings.gov/election/