Part I
Background

Authority for Audit

This report is based on an audit of Earl Pomeroy for Congress, undertaken by the Audit
Division of the Federal Election Commission (the Commission) in accordance with the
Federal Election Campaign Act of 1971, as amended (the Act). The Audit Division
conducted the audit pursuant to 2 U.S.C. §438(b), which permits the Commission to
conduct audits and field investigations of any political committee that is required to file a
report under 2 U.S.C. §434. Prior to conducting any audit under this subsection, the
Commission must 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. 2 U.S.C. §438(b).

Scope of Audit

This audit examined:

The receipt of excessive contributions and loans.

The receipt of contributions from prohibited sources.

The disclosure of contributions received.

The disclosure of disbursements, debts and obligations.
The consistency between reported figures and bank records.
The completeness of records.

Other committee operations necessary to the review.

NAM Ynde



Table of Contents

Part I. Background
Authority for Audit
Scope of Audit

Part II. Overview of Campaign
Campaign Organization
Overview of Financial Activity

Part III. Findings and Recommendations

Page



Part II

Overview of Campaign

Campaign Organization

Tasks and Other Day-to-Day Operations

Important Dates Earl Pomeroy for Congress
e Date of Registration April 28, 1992
e Audit Coverage January 1, 2003 through December 31, 2004
Headquarters Bismarck, North Dakota
Bank Information
e Bank Depositories 1 .
e Bank Accounts 1 Checking and 1 Money Market
Treasurer
e Treasurer When Audit Was Conducted Joel Fremstad
e _ Treasurer During Period Covered by Audit _| William Lardy
Management Information
e Attended FEC Campaign Finance Seminar _| Yes
® Used Commonly Available Campaign Yes
Management Software Package
e Who Handled Accounting, Recordkeeping | Paid Campaign Staff

Overview of Financial Activity

(Audited Amounts)
Cash on hand @ January 1, 2003 $ 6,127
Receipts :
o From Individuals “$466,594
o From Political Committees 1,376,999
o Transfers From Authorized Committees 16,672
o Offsets to Expenditures 5,764
o Other Receipts 69,314
o__ Total Receipts $_ 1,935,343
Disbursements
o Operating $1,604,074
o Contribution Refunds 2,088
o Other Disbursements 205,554
© Total Disbursements $_ 1,811,716
Cash on hand @ December 31, 2004 $ 129,754



FEDERAL ELECTION COMMISSION
WASHINGTON, D.C. 20463

February 17, 2006

MEMORANDUM

TO: ROBERT W. BIERSACK |
PRESS OFFICER
PRESS OFFICE

FROM: JOSEPH F. STOLTZ
ASSISTANT STAFF/DIRECTOR
AUDIT DIVISION

SUBJECT: - PUBLIC ISSUANCE OF THE AUDIT REPORT ON
EARL POMEROY FOR CONGRESS COMMITTEE

Attached please find a copy of the audit report on the Earl Pomeroy for Congress
Committee which was approved by the Commission on February 3, 2006. :

All parties involved have received informational copies of the report and the report
may be released to the public.

Attachment as stated

cc: Office of General Counsel
Office of Public Disclosure
Reports Analysis Division
FEC Library
‘Web Manager



Part III
Findings and Recommendations

Based upon our examination of the reports and statements filed, and the records presented
by Earl Pomeroy for Congress, no material non-compliance was discovered.



Report of the
Audit Division on

Earl Pomeroy for Congress
January 1, 2003 - December 31, 2004

Why the Audit

Was Done

Federal law permits the
Commission to conduct
audits and field
investigations of any
political committee that is
required to file reports
under the Federal
Election Campaign Act
(the Act). The :
Commission generally
conducts such audits
when a committee
appears not to have met
the threshold
requirements for
substantial compliance
with the Act.' The audit
determines whether the
committee complied with
the limitations,
prohibitions and
disclosure requirements
of the Act.

Future Action
The Commission may
initiate an enforcement
action, at a later time,
with respect to any of the
matters discussed in this

report.

' 2U.S.C. §438(b).

About the Campaign (p. 2)

Earl Pomeroy for Congress is the principal campaign committee for
Earl Ralph Pomeroy, Democratic candidate for the U.S. House of
Representatives from the state of North Dakota, At-Large and is
headquartered in Bismarck, North Dakota. For more information, see

chart on the Campaign Organization, p. 2.

Financial Activity (p. 2)
Receipts

Findings and Recommendations (p. 3)

°

oo0o00

From Individuals
From Political Committees

Transfers From Authorized Committees

Offsets to Expenditures
Other Receipts
Total Receipts

Disbursements

°

°
°
°

Operating
Contribution Refunds
Other Disbursements
Total Disbursements

$ 466,594
1,376,999
16,672
5,764
69,314

$ 1,935,343

$ 1,604,074
2,088
205,554

$ 1,811,716

Based upon our examination of the reports and statements filed, and
the records presented by Earl Pomeroy for Congress, no material non-
compliance was discovered.



Report of the
Audit Division on
Earl Pomeroy for Congress

January 1, 2003 - December 31, 2004