FEDERAL ELECTION CO;\;\~1ISSI0N

1\25 K SUU~ T ~.\v.

Vv',\SHI~C rON.D.C. 204&3

REPORT OF THE AUDIT DIVISION

ON THE

DEMOCRATIC CONGRESSIONAL CAMPAIGN COMMITTEE

I. Background

A. Overv;e\aJ

This report ;s based upon an audit of the Democratic

Congressional Camoaign 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, as amended, (lithe Act"). The

audit was conducted pursuant to Section 438(a}{8) of Title 2,

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.

The Commit tee eq i st e r·e d \oJ i t h the C1e r k 0 f the H0 use

of Represen~atives on Apri; 7, 1972. The Committee operates

as a fund distributing organization for the Democratic

Congressional Dinner Co~mittee. The primary function of the

Committee is the transfer of funds, received from the Democra:ic

Congressional Dinner Co~mittee, to Democratic candidates seekir.g election to the House of Representatives. The Committee

maintains its headquarters in Washington, D.C.

The audit covered the period from January 1, 1975, to

December 31, 1976. During this period, the Committee reported

a beginning cash balance as of January 1, 1975, of $21,684.40,

total receipts for the period of 5422,430.55, total expenditures for the period of $425,912.05, and a closing cash balance as of

December 31, 1976 of 518,202.90.

This audit report is based on documents and working

papers supporting each of its fact~al state~ents. They form

part of the record upon which the Com~ission based its decisio~s

on the matters in this report and are available to Co~miss;oners

and appropriate staff for review.
B. Key Personnel

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The principal officers of the Committee during the

period of the audit were the Honorable Wayne Hays, Chairman

from January 1, 1975 through June 9, 1976; the Honorable James

C. Corman, Chairman from June 10, 1976 through the close of the

period of the audit; and General Jess Larson, Treasurer.

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; and, such other procedures as

deemed necessary under the circumstances.

II. Auditor's Statement

It is the opinion of the Audit staff, based upon cXJmination of the reports and statements filed and the

records presented, that the reports and statements of the

Democratic Congressional Campaign Committee fairly present the financial activities of the Comr.littee for the period covered by the audit. r:o material problems in complying with the Federal Election Campa;g~ Act were discovered

during the course of the audit. •

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