. "

•I

I

i

•

FEDERAL EI.ECTION COMMISSION

B!'i K ~lIU I , N.W.

W,\'ttlN(~ ION,De. !tl4b\

REPORT OF THE AUDIT DIVISION

ON THE

1976 DEMOCRATIC NATIONAL CONVENTION COMMITTEE, INC.

I. B~_c~ground

A. Overview

This report covers an audit of the 1976 Democratic

National Convention Committee, Inc., undertaken by the Audit

Division of the Federal Election Commission to determine

whether there has been compliance with the provisions of the

Federal Election Campaign Act, as amended (lithe Act"). The

audit was conducted pursuant to Section 9008(g) of Title 26

of the United States Code which directs the Commission to

conduct an examination and audit of payments for Presidential

nominating conventions.

The audit covered the period from September 11,1975,

the date on which the Committee registered with the Commission,

through June 24, 1977, the date of the termination report filed

by the Committee. During this period the Committee reported net

receipts of $2,182,003.37, of which $2,180,869.79 were payments received from the Presidential nominating convention fund, and

net expenditures of 52,182,003.37, of which $2,016,870.25 was

reported as expenditures subject to the limitation and $165,133.12

was' refunded to the Presidential nominating convention fund. Both

beginning and ending cash were $-0-.

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 this report and were available to Commissioners

and appropriate staff for review .
.••. I ••

.

..-I

:

i

r:-..

•

-2-

B. Key Personnel

. The principal officers of the Committee during the

period of the audit were Chairman: Robert S. Strauss, September 11,1975 - April 7, 1977; S. Lee Kling, April 8.1977 - June 24,

1977 and Treasurer: S. Lee Kling. September 11. 1975 - April 7.

1977; Eric Jaffe, April 8, 1977 - June 24, 1977.

c. Scope

The audit included such tests as verification of

reported receipts and expenditures and individual transactions,

review of required supporting documentation; analysis of Committee debts and obligations to ensure compliance with the

provisions of Section 9008 of Title 26 of the United States

Code (Payments for Presidential Nominating Conventions). and

such other audit procedures as deemed necessary under the

circumstances.

II. Auditor's Statement

It is the opinion of the Audit staff, based upon examination of the reports and statements filed and the records pre- sented, that the reports and statements of the 1976 Democratic

National Convention Committee, Inc. 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, and specifically Section 9008 of Title 26 of the

United States Code, were discovered during the course of the

audit •
......'t.-04lV"'-~.....-.~

0° °0 (> 0 0 0

'0

o cI

0 0

" (JC 0"

0 0

,......--~--~''""'"'v--~.........-w-..-..~_~_~ __"' 00

o 0 Q()

o 0

o

,,'b 0

,-...--~-~-....,._~

:&1

o 0

> 0'

°0

0

0

'0

0 0

0

0

"0

"'0 0Q 0

00

o '6

'"" 0

0

~EC

l) DOCUMENT

SEPARATOR

o 0

0 0

o 0

o G'

O~j./ 0 0

o 0°

o