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FEDERAL ELECTION COMMISSION

WASHINC TON () ( 104b1

A87-30

July 8, 1988

MEMORANDUM

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FROM:

SUBJECT:

FRED EILAND

CHIEF, PRESS OFFICE

RCBERI' J. COSTA ~fW (t:R..1-8"-~ ASS ISTANT STAFF DI RECTOR

AUDIT DIVISIOO

PUBLIC ISSUANCE OF FINAL AUDIT REPORT -

POPULIST PARrY

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Attached please find a copy of the final audit report of

Populist Party which was approved by the Commission on June 28,

1988.

Informational copies of the report have been recei ved by

all parties involved and the report may be released to the

publ ic.

Attachment as stated

cc: Ofice of General Counsel ~ffice of Public Disclosure

Reports Ana1ysi s Di vi sion

FEe Library
RL87/12/06l488

A87-30

FEDERAL ELECTION COMMISSION

WASHINGTON, 0 C 204&3

This audit report is based on documents and workpapers which support each of its factual statements. They form part of

the record upon which the Commission based its decisions on the

matters in the report and were available to the Commissioners and

appropriate staff for review.

B. Rey Personnel

During the period covered by the aUdit, Mr. Blayne E.

Hutzel acted as Treasurer of the Committee.l/

1/ The Statement of Organization filed with the Federal

Election Commission on July 2, 1984 identifies Ms. Clara Sandahl

as the Committee's Treasurer. This Statement of Organization was

amended on October 20, 1986 and identifies Faye G. Miller as the

National Treasurer. An amended Statement of Organization filed

on December 30, 1986, identifies Willis A. Carto as the Treasurer

(DC Office) and Faye G. Miller as the National Treasurer. Mr.

Willis A. Carto, however7 signed all of the disclosure reports filed by the Committee with the Commission during the audit

period. Blayne E. Hutzel, Controller, Liberty Lobby, Inc.

prepared the disclosure reports filed with the Commission.

REPORT OF THE AUDIT DIVISION

ON THE

POPULIST PARTY

I. Background

A. Overview

This report is based on an audit of the Populist Party

("the Committee"), undertaken by the Audit Division of the

Federal Election Commission in accordance with the provisions of

the Federal Election Campaign Act of 1971, as amended ("the

Acta). The audit was conducted pursuant to Section 438(b) of

Title 2 of the United States Code which states, in part, that the

Commission may conduct audits and field investigations of any political committee required to file a report under section 434

of this title. Prior to conducting any audit under this section,

the Commission shall perform an internal review of reports filed

by selected committees to determine if the reports filed by a

particular committee meet the threshold requirements for

substantial compliance with the Act.

The Committee registered with the Federal Election

Commission on July 2, 1984, and maintains its headquarters in

washington, D.C. The audit covered the period January 1, 1985

through December 31, 1986. The Committee reported a cash balance

on January 1, 1985 of $3,380.45, total receipts of $178,276.90,

total expenditures of $181,657.35 and a cash balance on December

31, 1986 of $-0-.

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C. Scope

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The au4it inclu4e4 such tests as verification of total

reporte4 receipts an4 expen4itures an4 In4lvi4ual transactions, review of required supporting 4ocumentation, analysis of

Committee 4ebts an4 obligations, an4 such other au4it proce4ures

as 4eeme4 necessary un4er the circumstances.

II. Au4it Fin4ing and Recommendation

Matters Referre4 to the Office of General Counsel

Certain matters note4 4uring the Au4lt were referre4 to the

Commission's Office of General Counsel.

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