FEDERAL ELECTION COMMISSIO~

\\·"SHI~CTO!'. 0 C 20463

A83-l18

REPORT OF THE AUDIT DI~.'ISION

ON THE

LIBERAL PARTY FEDERAL CAMPAIGN COMMITTEE

I. Background

A. Overview

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This report is based on an aUQi~ of the Liberal Party Federal Campaign Committee ("the Committee"), undertaken by the

Audit Division of the Federal Election CO~lliission 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 ("the Act"). The audit was

conducted pursuan~ to Section 438(b) of Title 2 of the United

States Code which states, in part, that t~e COu~ission may conduct audits and field investigations of any political committee required to file a report under Section 434 of this

title. Prior to c~nductin9 any audit under this section, the

Commission shall perform an internal revie~ of reports filed by selected committees to aetermine if the reports filed by a

particular committee meet the threshold requirements for

substantial compliance with the Act.

The Committee registered with t~e Federal Election

Commission on February 25, 1980. The Co~~ittee maintains its

headquarters in New York, New York.

The audit covered the period January 1, 1981 through December 31, 1982. The Committee reported a cash balance on

January 1, 1981, of $1,322.13, total receipts for the period of

$63,828.43, total disbursements for the p~riod of $57,963.61, and

a cash balance on December 31, 1982, of $6,376.52. 1/

This audit report is based on documents and work papers which support e~ch of its 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.

1/ The reported totals do not calculate correctly due to a

minor mathematical discrepancy.
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B. Key Personnel

The Treasurers of the Committee during the period covered by the audi t' wer'e Mr. Herbert Rose (inception to JUly 31,

1981), Mr. James F. Notaro (July 31, 1981 to September 1982)J Mr.

Raymond H. Phillips (September 1982 to April 1983) and Mr. Alan

Bailey (April 1983 to present)._ 1/

c. Scope

The audit included such tests as verification of total

reported receipts and disbursements and individual transactions;

review of required supporting documentation; analysis of

Committee debts and ~b1i9ations: and such other audit procedures

as deemed necessary under the circumstances.' The Committee's

contribution records met the recordkeeping requirements of 2

U.S.C. 432(c) and 11 C.F.R.·102.9(a). Because the Committee did

not maintain complete additional contributor records generated outside the Committee (for example, copies of contributor checks

or contributor cards completed by contributors), this audit did

not include the standard audit procedure of verification of

individual contributions to such records. However, the

maintenance of those records is not requir~a to comply with the

recordkeeping section of the Act.

II. Findings and Recommendations

Matters Referred to the Office of General Counsel

Certain matters noted during the audit were referred to the

Commission's Office of General Counsel.

1/ The Committee's Statement ,of Organization has not been

amended to. disclose Messrs. Phillips and Bailey as Committee

Treasurers.

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