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FEDtRAl ELECTION COMMISSIC)N

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~1EnORANDUM

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TO:

THROUGH:

FRO~1:

SUBJECT:

FRED EILAND

PRESS OFFICE

BOB COSTA ..

JUDY HAWKINS

PUBLIC ISSUANCE OF FINAL AUDIT

REPORT - AGRICULTURAL AND DAIRY ~DUCATIONAL POLITICAL TRUST

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Attached please find a copy of the final audit report

for the above named Committee. Informational copies of

the report have been received by all parties involved and

this report may be released to the public as of today,

Harch 20, 1980.

Attachment as stated

cc: FEC Library

RAD ~b1ic Record
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FI-DERAl ELECTION COMMISSION

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FINAL REPORT OF THE AUDIT DIVISION

ON THE

AGRICULTURAL AND DAIRY EDUCATIONAL POLITICAL TRUST

I. Background

A. Overview

This report is based on an audit of the Agricultural

and Dairy Educational Political Trust (ADEPT) (lithe Committee") , undertaken by the Audit Division of the Federal Election

Commission in accordance with the Commission's audit policy to

determine whether there has been compliance with the provisions

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

Act"). The audit was conducted pursuant 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

respect to reports and statements filed under the provisions of

the Act.

The Committee registered with the u.S. House of

Representatives on April 17, 1972. It is the official political

action committee of Mid-America Dairymen, Inc., and was established

to give dairy farmers a strong political voice. The Committee

maintains its headquarters in Springfield, Missouri.

The audit covered the period from January 1, 1977

through September 30, 1979, the final coverage date of the

most recent report filed by the Committee at the time of the

audit. The Committee reported a beginning cash balance on

January 1, 1977 of $29,729.32; total receipts for the period

of $557,078.23; total expenditures for the period of $516,378.72;

and a closing cash balance on September 30, 1979 of $70,428.83.

This audit report is based on documents and working

papers which support each of the 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 Commissioners

and appropriate staff for review.
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B. Key Personnel

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The principal officers of the Committee during the

period audited were:

Chairman

Mr. Lloyd Schaefer

t1r. Edward Nierman

Treasurer

f:"

Mr. Thomas Townsend

C. Scope

January 1, 1977 throuqh

June 11, 1978

June 12, 1978 to the present

January 1, 1977 to the

present

The audit included such tests as verification of total

reported receipts and expenditures and individual transactions;

review of required sup~orting documentation and analysis of

Committee debts and obligations; and such other audit procedures

as deemed necessary under the circumstances.

II. Audit Findings and Recommendations

A. Matters Referred to the Office of ~eneral Counsel

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Certain matters noted during the audit were referred

to the Commission's Office of General-Counsel for consideration

on January 14, 1980.
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FEDERAl. ELECTION COi\1,'1ISSION

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ADDITIONAL INroRMATION REGARDING '!HIS ORGANIZATION

MAY BE IDCATED IN A OOMPLETED OOMPLIANCE ACIION

FILE RELEASED BY 'll1E <nMISSION AND MADE PUBLIC IN

'!HE PUBLIC RECX>RDS OFFICE. FOR 'lHIS PARrICULAR

O~ONt S COMPLETED OOMPLIANCE ACrION FILE

SIMPLY FOR '!HE PRESS StM1ARY OF MIJR /1 /lyj

'!HE PRESS StMYARY WlIL PROVIDE A BRIEF HISTORY OF

'!HE CASE AND A StHfARY OF mE AcrIONS TAKEN, IF f.N{.
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