Attachment as stated

PUBLIC ISSUANCE OF AUDIT REPORT -

COLLEGE REPUBLICAN NATIONAL COMMITTEE

JUDY HAWKINS ,..'

BOB COSTA

FRED EILAND

PRESS OFFICE

FH)ERAL ELECTION COMMIS\!c )N

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cc: FEC Library

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Public Record

March" 3, 1980

Informational copies of the report have been received

bvall parties involved and this report may be released to

the public as of today, March 3, 1980.

Attached please find a copy of the final audit report

of the College Republican National Committee which was

approved by the Commission on February 21, 1980.

SUBJECT:

FROM:

THROUGH:

MEMORANDUM

TO:

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A. Overview

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FEDERAL ELECTION COMMISSIl)N . . WA-;IIINCION. D C 211~"1

The Commi tte::e reg:Lstered with the Federal Electio:'l

Commission on February 17, 1977 as an affiliate of tlte

Republican National Committee. II The Committee maintains

its headquarters in Washington,-D.C. The audit covered the

period July 1, 1976 through December 31, 1978.

~I The Committee's first report covered the period July 1,

1976 through December 31, 1976 •

The principal officers during the period audited

W()LCi ~tr. Karl Rove, Chairman, and Mr. John Brady, Treasurer,

EO L the period July 1, 1976 through July 24, 1977; Mr. John

Brady, Chairman, and Mr. Alan Robertson, Treasurer, for the

pOLiod July 25, 1977 through the present.

B. Key Personnel

This audit report is based on documents and working

papers which support each of its 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.

REPORT OF THE AUDIT DIVISION

ON THE

COLLBGE REPUBLICAN NATIONAL COHMITTEE

This report is based on an audit of the College

Republican National Committee (lithe Committee") 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") •

The audit was conducted pursuant to Section 438(a) (8) of ~itle

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.

I. ~ackground

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The audit included a ~eview of the solicitation"

"naterial, and exp"endi tures and individual transact"ions;

review of required suppurting documentation; and analysis

of Committee debts and obligations; and such other audit

procedures as deemed necessary under the circumstances.

II" . inding and Recommenda tio~.

Based upon examination of the reports and statements

filed and the records presented, the College Republican

National Committee is not a politic.d. committee as defined

by section 431(d) of Title 2 of the United States Code and

therefore not subject to the reporting requirements of the

Act. This opinion is based on the fact that the Committee

had no receipts or expenditures in connection with Federal

elections during the period audited •