Part II

Overview of Committee

Committee Organization

Important Dates

New Jersey Republican State
Committee

is)

« Date of Registration

July 23, 1982

« Audit Coverage

January 1, 2001 — December 31, 2002

Headquarters

Trenton, New Jersey

Bank Information

* Bank Depositories

1

e Bank Accounts

3 Federal checking accounts and

1 Nonfederal checking account

Treasurer

e Treasurer When Audit Was Conducted

Charlene Hooker, Deputy

e Treasurer During Period Covered by Audit

H. George Buckwald

Management Information

«Attended FEC Campaign Finance Seminar

No

« Used Commonly Available Campaign
Management Software Package

Yes

« Who Handled Accounting and
Recordkeeping Tasks

Full-time, paid Committee staff

Overview of Financial Activity

(Audited Amounts)
Cash on hand @ January 1, 2001 $ 55,908
o Contributions From Individuals 1,585,599
o Contributions From Political Party And
Other Committees 242,675

o Other Receipts 817,825
o Transfers From Nonfederal Account 2,625,570
Total Receipts $ 5,271,669
o Total Operating Expenditures 4,944,839
o Other Expenditures 344,275
Total Disbursements $ 5,289,114
Cash on hand @ December 31, 2002 $ 38,463


Part I
Background

Authority for Audit

This report is based on an audit of the New Jersey Republican State Committee,
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
commitiees 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 factors
and as a result, this audit examined:

The receipt of excessive contributions and loans.

The receipt of contributions from prohibited sources.

The disclosure of contributions received.

The disclosure of disbursements, debts and obligations.

The disclosure of expenses allocated between federal and non-federal accounts.
The consistency between reported figures and bank records.

The completeness of records.

Other committee operations necessary to the review.

SNIAWE YN

Changes to the Law

On March 27, 2002, President Bush signed into law the Bipartisan Campaign Reform Act
of 2002 (BCRA). The BCRA contains many substantial and technical changes to the
federal campaign finance law. Most of the changes became effective November 6, 2002.
Except for the period November 6, 2002, through December 31, 2002, the period covered
by this audit pre-dates these changes. Therefore, the statutory and regulatory
requirements cited in this report are those that were in effect prior to November 6, 2002.


Part ITI

Findings and Recommendations

Based upon our examination of the reports and statements filed, and the records presented
by the New Jersey Republican State Committee, no material non-compliance was
discovered.


FEDERAL ELECTION COMMISSION
Washington, DC 20463

April 19, 2005

MEMORANDUM
TO: ROBERT W. BIERSACK
PRESS OFFICER
PRESS OFFICE ;
FROM: JOSEPH F. STOLTZ Le
ASSISTANT STAFF ‘OR
AUDIT DIVISION

SUBJECT: PUBLIC ISSUANCE OF THE AUDIT REPORT ON
NEW JERSEY REPUBLICAN STATE COMMITTEE

Attached please find a copy of the audit report and related documents on New
Jersey Republican State Committee Federal Election Account which was approved by the
Commission on March 31, 2005.

The report may be released to the public on April 26, 2005.

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
the New Jersey Republican State

Committee
January 1, 2001 - December 31, 2002

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
Tequirements 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.

2 U.S.C. §438(b).

About the Committee (p. 2)

The New Jersey Republican State Committee (NJRSC) is a state
party committee headquartered in Trenton, New Jersey. For
more information, see the chart on the Committee Organization.

Financial Activity (p. 2)

Receipts

o Contributions From Individuals
o Contributions From Political Party

And Other Committees
o Other Receipts

o Transfers From Nonfederal

Account
© Total Receipts

Disbursements

o Total Operating Expenditures

co Other Expenditures
Total Disbursements

$ 1,585,599

242,675
817,825

2,625,570
$ 5,271,669

$ 4,944,839
344,275
$5,289,114

Findings and Recommendations (p. 3)

Based upon our examination of the reports and statements filed,
and the records presented by New Jersey Republican State
Committee, no material non-compliance was discovered.


Table of Contents

Part I. Background
Authority for Audit
Scope of Audit
Changes to the Law

Part II. Overview of Committee

Committee Organization
Overview of Financial Activily

Part III. Findings and Recommendations

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