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FEDERAL ELECTION COMMISSION

WASHINGTON 0 C ~04b3

December 4, 1990

JIIEIIORANDUJIl

MJ001566

TO:

FROJII:

FRED EILAND

CHIEF, PRESS OFFIC~

ROBERT J. COSTA -

ASSISTANT STAFF DIR CTOR

AUDIT DIVISION

SUBJECT: PUBLIC ISSUANCE OF FINAL AUDIT REPORT -

CAMPAIGN FOR A NEW MAJORITY (FEDERAL)

Attached is a copy of the final audit report on the

campaign for a New Majority (Federal) which was approved by the

Commission on November 27, 1990.

Informational copies of the report have been received by

all parties involved and the report may be released to the

public.

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Attachment as stated

o cc: FEC Library

Reports Analysis Division

Public Disclosure

Office of the General Counsel
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:1F /090490

FEDERAL ELECTION COMMISSION

.VASHINCTON 0 C ~O-l63

REPORT OF THE AUDIT DIVISION

ON '!'HE

CAMPAIGN FOR A NEW MAJORITY (FEDERAL)

Ie Background

A. Overview

This report is based on an audit of t~e Camnaion for a ~ew Majority (FedEH:-al) (the Comm! ttee), undertaken by-the Audit

Division of the ~eral Election Commission in accordance with

the provisions of the Federal Election Campaign Act of 1971, as

amended (the Act). The audit was conducted pursuant to 2 U.S.C.

S 438(b) which states, in part, that the Commission may conduct

audits and field investigations of any political committee

required to file a report under Section 434 of this title. Prior

to conducting any audit under this section, the Commission shall

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.

The Campaign for a New Majority (Federal) (formerly the

Campaign for Prosperity) registered with the Commission on April

22, 1976. The Committee maintains its headquarters in Arlington, Virginia.

The audit covered the period January 1, 1987 through

June 30, 1988. The Committee reported an opening cash balance on

Ja":Jary 1,1987 of $25,295.97, total receipts for the period of

$895,180.81; total disbursements for the period of $912,334.68;

and a closing cash balance on June 30, 1988 of $6,642.10.:/

This report is based on documents and workpapers supporting 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 the Commissioners and

appropriate staff for review.

~7 The amoun ts do not foot due to a discrepancy in the reported

cash balances.
B. Key Personnel

I

The Treasurers of the Committee during the period

covered by the audit were:

Ms. Carolyn Weathersby

Ms. Bobbie Lake

Mr. Scott B. Mackenzie

1/30/87 - 4/23/87

4/23/87 - 4/20/88

4/20/88 - present

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........

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C. Scope

The audit included such tests as verification of total

re.ported receipts, disbursements, and individual disbursement

transactions: review of required supporting documentation:

analysis of Committee debts and obligations: and such other audit

procedures as deemed necessary under t~e circumstances.

II. Audit Findings and Recommendations

Matters noted during the audit were referred to the

Commission's Office of General Counsel.
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