FEDERAL ELECTION COMMISSION

1325 K S1REEl N.W.

WASHING10N,D.C. 20463

April 11, 1978

MEMORANDUM

TO:

THROUGH:

FROM:

DAVID FISK.E

BOB COSTA

JUDY HAWKINS

SUBJECT: PUBLIC ISSUANCE OF AUDIT REPORTS -

FULL DISTRICT RELEASE

This memorandum serves to advise you that, as of

today, April 11, 1978, the audit reports for the following

committees have been received by all parties involved and

may be released to the public:

Friends of Fraser Volunteer Committee MN/5

Erdall for Congress committee MN/5

This represents a full District release.

cc: Anne Head - Library

Peter Kell - Disclosure

Michael Heisey - Public Record
FEDERAL ELECTION COMlv\ISSION

1\2') 5 If~lll N.W.

WN~IlINC lON,O.C. 2046J

REPORT OF THE AUDIT DIVISION

ON

FRIENDS OF FRASER VOLUNTEER COMMITTEE

This report is based on an audit of the' Friends of

Fraser Volunteer Committee (lithe Committee ll ), 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 ll).

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.

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I. Background

A. Overview

The Committee registered with the Clerk of the U.S.

House of Representatives on April 11, 1972 in suoport of

Honorable Donald M. Fraser, candidate for the office of U.S.

Representative from the 5th Conqressional District of Minnesota .. Th~ Candidate filed a Statement-of a Candidate on March 16, 197~,

designating the Committee as principal campaign committee.

The Committee maintains its headquarters in Minneapolis, ~innesota.

The audit covered the period from January 1, 1975

through October 31, 1977, the final coverage date of th~ latest

report filed by the Committee at the time of the audit. The

Committee reported a beginning cash balance on January 1, 1975

of $17,464.35, total receipts for the period of $87,017.02,

total expenditures for the period of $99,963.63 and a closing

cash balance on October 31, 1977 of $4,517.7 4 .

This audit report is based on documents and working

papers which support each of the f~ctual 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

The principal officers of the Committee during the

period covered by the audit were Mrs. Jane't ,Shapiro, Chairman

and Mr. Gerald Dillon, Treasurer.

C. Scope

The audit included such tests as verification of total

reported receipts and expenditures and individual transactions;

review of required supporting documentation; and, analysis of

Committee debts and obligations; and such other audit procedures ~s deemed necessary under the circumstances.

II. Auditor's Statement

It i,s the opinion of the Audit staff, based upon examination

of the reports and statements filed and the records presented, that

the reports and statements of the Friends of Fraser Volunteer

Committee fairly present the financial activities of the Committee

for the period covered by the audit. No material problems in

complying with the Federal Election Campaign Act were discovered

during the course of the audit.

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