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FEDERAL ELECTION COMMISSION • 11l~ K SlR([T N.W ·

WAStiiNGION.O.C: 20461

REPORT of THE AUDIT DIVISION

ON THE

PREYER FOR CONGRESS COMMITTEE . ,

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I. Background

A. Overview .

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This report is based on a audit of the Preyer for

Congress Committee (the Committee), undertaken by the Audit

Division of the Federal Election Commission in accordance with

the Commissionls audit policy to determine whether there has

been compliance w;th the provisions of the Federal Election

Campaign Act of 1971, as amended (the Act). The audit was

conducted pursuant to Section 438(a)(8) of Title 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. ',\,.: . The Committee registered with the Office of the . Clerk of the U.S. House of Representatives on July 26, 1974,

in support of the Honorable Richardson Preyer for the office

of Representative of the Sixth Congressional District of

Horth Carolina-•. On March 22,1976, the Committee was designate.d

by the Candidate as his principal campaign committee for the . 1976 election. ~he Committee maintains its headquarters in

Greensboro, North ~arolina.

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'. The audit covered the period from January 1, 1975,

the effective date of the Act, as amended, through June 30,

1977, the final coverage date of the latest report filed by

the Committee. During this period the Committee reported a

beginning cash balance of 5241.03, total receipts of 521,936.24,

total expenditures of $20,186.84 and a closing cash balance on

December 31. 1976 of $1.982.27. 1/

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11 · .'he Committee filed FEe Form

1977 through June 30, 1977.

been $1.990.43. '.

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3a for the per;od January 1 t

The closing cash should have

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This audit report is based on documents and working

papers which support each of the factual statements. They form

part of the record upon which the Commission based its decisions

on the matters in the report and were available to Commissioners

and appropriate staff for review.

B. Key Personnel

The principal officers of the Committee were John

Dillard, Treasurer and Finance Chairman, and Kay Crawford,

Assistant 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 audit procedures as

deemed necessary under the circumstances.

II. Auditor's Statement

It is the opinion of the Audit staff, based upon examination .1

of the reports and statements fi 1ed and the records presented, I~!' that the reports and statements of the Preyer for Congress Committee fairly present the financial activities of the I

Committee for the period covered by the audit. No material

problems in complying with the Federal Election Campaign Act

were discovered during the course of the audit.

2/ Mr. Dillard performed the duties of Chairman, while

Mrs. Crawford performed the duties of the Treasurer.

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