Part II

Overview of Campaign

Campaign Organization

Important Dates

Gillibrand for Congress

° Date of Registration

August 10, 2005

° Audit Coverage

August 8, 2005 — December 31, 2006

Headquarters

Hudson, New York

Bank Information

e Bank Depositories

ad Bank Accounts

Treasurers

° Treasurer When Audit Was Conducted

Anne S. Bradley

. Treasurer During Period Covered by Audit

Jonathan Rutnik (8/10/05 to 3/12/06) and
Anne S. Bradley (3/13/06 to Present)

Management Information

° Attended FEC Campaign Finance Seminar

No

° Used Commonly Available Campaign
Management Software Package

Yes

. Who Handled Accounting, Recordkeeping
Tasks and Other Day-to-Day Operations

Volunteers (8/10/05 to 1/4/07)
Paid staff (1/5/07 to Present)

Overview of Financial Activity

(Audited Amounts)

Cash on hand @ August 8, 2005 $0
Receipts

o From Individuals $2,073,908

o From Political Committees 3,218

o From Other Political Committees 566,440

o From The Candidate 5,825

o Other Receipts 12,793

o Total Receipts $2,662,184
Disbursements

o Operating Expenditures $2,621,012

o Other Disbursements 6,315

o__ Total Disbursements $2,627,327
Cash on hand @ December 31, 2006 $34,857



Part I
Background

Authority for Audit

This report is based on an audit of Gillibrand 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

Following Commission approved procedures, the Audit staff evaluated various risk factors
and, as a result, the scope of this audit was limited to the following:

1. The disclosure of occupation/name of employer regarding individual contributions.

2. The consistency between reported figures and bank records.


Part III
Findings and Recommendations

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


FEDERAL ELECTION COMMISSION
Washington, DC 20463

November 1, 2007

MEMORANDUM
To: Robert W. Biersack
Press Officer
7
From: Joseph F, Stoltz

Assistant Staff Pfrector
Audit Division

Subject: Public Issuance of the Audit Report on Gillibrand for Congress

Attached please find a copy of the audit report on Gillibrand for Congress, which
was approved by the Commission on October 19, 2007.

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

Attachment as stated

ce: Office of General Counsel
Office of Public Disclosure
Reports Analysis Division
FEC Library

“Web Manager


Report of the Audit Division on

Gillibrand for Congress
August 8, 2005 - December 31, 2006

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.

About the Campaign (p. 2)

Gillibrand for Congress is the principal campaign committee for
Kirsten E. Gillibrand, Democratic candidate for the U.S. House of
Representatives from the state of New York, 20" District, and is
headquartered in Hudson, New York. For more information, see the
chart on the Campaign Organization, p.2.

Financial Activity (p. 2)

« Receipts
o From Individuals $2,073,908
o From Political Committees 3,218
o From Other Political Committees 566,440
o From The Candidate 5,825
o Other Receipts 12,793
o Total Receipts $2,662,184
« Disbursements
o Operating Expenditures $2,621,012
o Other Disbursements 6,315
co Total Disbursements $2,627,327

Findings and Recommendations (p. 3)

The scope of the audit was limited as outlined in Part I of the report.
Based on the limited examination of the reports and statements filed,
and the records presented by Gillibrand for Congress, no material non-
compliance was discovered.

2 U.S.C. §$438(b).


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

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