May 30, 1980

PUBLIC ISSUANCE OF FINAL AUDIT REPORT -

REPUBLICI\N NATIONAL COMMITTEE - CONTRIBUTIONS

FRED EILI\ND

PRESS OFFrCE

BOB COS'!'A If!.~ JUDY Ill\\'JlaNS

\\.-\\111:';1.111:". III :1I·lhl

HDl-RAI. ELECTION COMMISSION

cc: FEC Library

RAD

Public Record

Attached LlS stated

Informational copies of this report have been received

by all parties involved and this report may be released to

the public as of today, Nay 30, 1980.

Attached pleLlse find a copy of the finLll audit report of

the RepublicLln Nutional Committee - Contributions which was

approved by the Commission on Hay 23, 1980.

SUBJECT:

FROM:

MEMORANDUM

TO:

'l'HROUGH:

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FEDERAL ELECTION COMMISSION

W""'IlI:'llCl0N, \) C .?1l4ftl

FINAL REPOR'r OF TIlE AUDIT DIVISION

ON TUB

REPUBLICAN NATIONAL COHMITTEE -·CONTRIBUTIONS

I.' Background

A. Overview

This final report is based on an audit of the

Republican National Committee - Contributions (tithe 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 como1iance with the orovisions

of the Federal Flection 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 COJTlffiission to

make from time to time audits and field investigations with resnect

to reports'and statements filed under the provisions of the Act.

The Committee reqistered with the Comptroller General

of the United States - u.S. General Accounting Office on April 17,

1972 as the Renub1ican ~Tationa1 Finance Committee. 1/ The

Committee maintains its headquarters in ~~ashington,-D.C.

The audit covered the period January 1, 1976, throu0h

March 31, 1979, the final coveraqe date of the latest re~ort

filed by' the Committee at the time of audit. The Committee

reported a beginning cash balance of $1,lRO,594.81, total

receipts for the ~eriod of $54,574,100.36, total expenditures

for the period of $54,197,331.71; and a closing cash balance

of.~1,557,363.46.

!/ The Renub1ican National Finance Cornmitteechanged its

name to Republican ~ationa1 Committee - Contributions

... on January 12, 1976 in an amendment to the statement . of or9anization filed '-lith the Commission •...
'I'll i s final report is based on documents and working

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They form

its decisions

Commissioners

C.

II. Aud~~_ FinclinCJs_..~l.!-l~ Recommendations

A certain matter noted during the audit was referred to

the Conmlission' s Office of: General Counsel for consideration

on March 14, 1980.

The audit included such tests as verification of total

)'cported reccipts and expenditures and individual transactions;

l"<..'vic\V of required supporting documentation and analysis of

Committee debts and obligations; and such other audit procedures

as deemed necessary under the circumstances.

B. ~:( !Y l?crsonr~~~

'j'hl~ principal officers of the Committee were Ms. Mary

Louisc Smith, Chairman from January, 1976 to January, 1977,

l\1r. ui11 Brock, Chairman from January, 1977 to present, and

Mr. William .1. McManus, Treasurcr .

papers SUPllfll"Ling each of its factual statements.

part of till' nx:ord upon which the Commission based

on the matl.(~n; in thc report and were available to

and approlJl' i aLc staff for review.

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FEDERAL ElECTION COMMISSION

1\2') '" SlRUl :-.o.W.

WASHI:-.oG ION.D L .!04td

ADDITIONAL INFURMATION REGARDlNG '1HIS ORGANIZATION

MAY BE I.DC'ATED IN A OOMPLETED OOMPLIANCE ACrION

FILE RELEASED BY 'lHE <DMISSION AND MADE PUBLIC IN

'mE PUBLIC REOORDS OFFICE. FOR'1HIS PARTICULAR

ORGANIZATION'S 00MPLE'l'ED OOMPLIANCE ACIION FILE

SIMPLY JSK FOR 'lHE PRESS stMfARY OF MlJR if //12

'mE PRESS sm-MARY WL PROVIDE A BRIEF HISTORY OF

'mE CASE AND A SUM1ARY OF 'mE ACrIONS TAKEN, IF Pm.

Audit !fr ';1'/