Final Audit Report of the 

Commission on the 2V^ Century 

Democrats 

January 1, 2009 - December 31. 2010 

Why the Audit 

Was Done 

Federal law permits the 

Conmiission 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. 

About the Committee (p. 2) 

21^^ Century Democrats is a non-connected committee which 

qualified for multi-candidate status on June 20,1990, and is 

headquartered in Washington, District of Columbia. For more 

information, see chart on the Committee Organization, p. 2. 

Fimuicial Activity (p. 2) 

Receipts 

o Contributions from Individuals $ 2,063,046 

o Transfers from Non-federal 

Account 131,645 

o Other Political Committees 68,250 

o All Other Receipts 67,495 

Total Receipts $2^30,436 

Disbursements 

o Operating Expenditures $ 2,168,064 

o All Other Disbursements 16,818 

Total Disbursements $2,184,882 

Commission Finding (p. 3) 

Based upon a limited examination of the statements and reports 

filed, and the records presented by the 21^^ Century Democrats, 

no material non-compliance was discovered. 

2U.S.C. §438(b). 
Final Audit Report of the 

Commission 

on the 

21^^ Century Democrats 

January 1, 2009 - December 31, 2010 
Table of Contents 

Page 

Part I. Background 

Authority for Audit 1 

Scope of Audit 1 

Part II. Overview of Committee 

Committee Organization 2 

Overview of Financial Activity 2 

Part III. Commission Finding 3 
Parti 

Background 

Authority for Audit 

This report is based on an audit of the 21^^ Century Democrats, 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, this audit examined: 

1. the receipt of contributions from prohibited sources; 

2. the disclosure of individual contributors* occupation and name of employer; 

3. the consistency between reported figures and bank records; 

4. the disclosure of independent expenditures; 

5. the completeness of records; and 

6. other committee operations necessary to the review. 
Part II 

Overview of Committee 

Committee Organization 

Important Dates 

• Date of Registration July 28,1998 

• Audit Coverage January 1,2009 - December 31,2010 

Headquarters Washington, District of Columbia 

Bank Information 

• Bank Depositories Two 

• Bank Accounts Two Federal and Ten Non-federal 

Checking Accounts 

Treasurer 

• Treasurer When Audit Was Conducted Bill Combs 

• Treasurer During Period Covered by Audit Bill Combs 

Management Information 

• Attended FEC Campaign Finance Seminar No 

• Who Handled Accounting and 

Recordkeeping Tasks 

Paid Staff 

Overview of Financial Activity 

(Audited Amounts) 

Cash-on-hand @ January 1,2009 $ 84,924 

o Contributions from Individuals 2,063,046 

o Transfers from Non-federal Account 131,645 

o Other Political Committees 68,250 

o All Other Receipts 67,495 

Total Receipts $2,330,436 

o Operating Expenditures 2,168,064 

o All Other Disbursements 16,818 

Total Disbursements $ 2,184,882 

Cash-on-hand @ December 31,2010 $ 230,478 
Part III 

Commission Finding 

Based upon a limited examination of the statements and reports filed, and the records 

presented by the 21** Century Democrats, no material non-compliance was discovered.