-,:,/

l\ttachmcnt as stated

FIlliD EILAND

PRESS OFFICE

ROBERT J. COSTA f!OIU. /) r

JUDY HAWKINS./,-/

PUBLIC ISSUANCE OF AUDIT REPORT - ~1ERICAN APPAREL MANUFACTURERS

POLITICAL ACTION COMMITTEE

Wt\SIIINC\ON. III 2114hl

FEDERAL HI:CTION COMMISSION

October 30, 1979

. Informational copies of the report have been received

by all parties involved and this report may be released to

Lho public as of today, October 30, 1979.

cc: FEC Library

RAD ~~pub1ic Record

SUBJECT:

FROM:

'1'0 :

MEMORANDUM

'l'IlROUGlI :

Attached please find a copy of the final audit report

of the American Apparel Manufacturers Political Action " Committee which was approved by the Commission on October 2,

1979.

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REPORT OF THE AUDIT DIVISION

ON 'l'I1E

AMERICAN APPAREL MANUFACTURERS

POLI'l'ICAI. AC'l'TON COM.MITTEE

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\ \',\"III'\,<. Il )',; ,I) C, 2lJ·lld

FEDl:.RAI ELECTION COMMISSION

A. Overview

Background

The Committee regi~;tered with the united States

House of Hepresentatives on r·,pl-i.1. 17, 1972 as the Committee

for American Principles. r':"h(~ Committee clwnged its name

on April 26, 1973 to the Al~lL'rican Apparel :'1.:mufactur·,-,"

Political Action Conunittee. 11::; basic purpose is t.'\., In

to elect persons to Federal office who have shown an _erest

and concern for the apparel industry. The Comrnittee maintains

its headquarters in Arlington, Virginia.

'1'his report is bas('d on an audit of the American

Apparel Manufacturers Politic:Il Action Committee (lithe

Commi ttee ll ), undertaken by tlw Audit Division of the Federal

Election Commission in accordance with the Commission's audit

policy to determine \vhether there has been compliance \dth

the provisi.ons of the Feueral Election Campaign Act of 1971,

as amended (lithe Act"). The audit \vas conducted pursu.:.nt to

Section 438(a) (8) of Title 2 of the United States Code which

directs the Commission to make from time to time audits and

field investigations with reHpcct to reports and statements

filed unuer the provisions of the Act.

The audit covered the period from January 1, 1977

through June 30, 1979, the final coverage date of the most

recent report filed by the Co~nitte2 at the time of the audit.

The Co~nittce reported a be9inning cash balance on January 1,

1977 of $539.67, total receipts for the period of $25,888.00,

total expen~itures for the period of $25,044.83 and a closing

cash b.:.lancc on June 30, 1979 of $1,382.84 •

I.

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•

e.

-2-

'\'his audit report is based Oil documents and working

papers wh i .·h support each of the factu:l\ statements. They form

part of I h.· record upon which the COlllmLssion based its decisions

on the m~ll I t~rs in the report and were ilvailable to Commissioners

and appropl' Late staff for review.

B. Key Personnel

The princJ.palofficers of the Committee clliring the

perIod audi'ted were Hr. \'lilliam K. Noltz,Chairman, throuqh

July 5, 1977 and i'1r. Herbert S. Hoffman, July G, 1977 through

the present and r·lr. Ellis E. Meredith, Treasurer.

The audit included such tests as verification of

t6tal reported receipts ~n~ expendi~uresand individual

transactions; review of required supporting documentation

and analysis of Committee debts and obligations; and such

other audit procedures as deemed nec6s~a~y under the

.circumstances.

II. Auditor's Statement

It is the opinion of the Audit staff, based upon

ex~minution of the reports and st:ltements filed and the

records presented, that the repol'ts and statements of the

l\meri.can Apparel r-tanufacturers Political Action Comrnittee

fairly p]~es('nt the financial act i vi tics of the Committee

for the period covered by the audit. No material problems

in complying with the Federal Election Campaign Act ~.:~e

discovered during the course of the" audit.