Final Audit Report of the 

Commission on 

Jim Huffman for Senate 

(February 25, 2010 - December 31, 2010) 

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 

requirements for 

substantial compliance 

with the Act.' The audit 

determines whether the 

committee complied with 

the limitations, 

prohibitions and disclosure 

requirements of the Act. 

About the Campaign (p. 2) 

Jim Huffman for Senate is the principal campaign committee for 

James Lloyd Huffrnan II, Republican candidate for the U.S. Senate 

from the state of Oregon, and is headquartered in Alexandria, 

Virginia. For more information, see the chart on the Campaign 

Organization, p. 2. 

Financial Activity (p. 2) 

• Receipts 

o Contributions from Individuals 

o Contributions from Other 

Political Committees 

o Loans from the Candidate 

o Offsets/Other Receipts 

Total Receipts 

• Disbursements 

o Operating Expenditures 

o Refunds/Transfers to Other 

Committees 

o Other Disbursements 

Total Disbursements 

$ 949,864 

51,200 

1,350,000 

24,723 

$ 2,375,787 

$ 2,200,329 

1,346 

3,000 

$ 2,204,675 

Commission Finding (p. 3) 

Based upon a limited examination of the statements and reports 

filed, and the records presented by Jim Huffman for Senate, no 

material non-compliance was discovered. A separate matter related 

to Candidate loans during the audit period has been addressed in 

MUR 6417. 

2 U.S.C. §438(b). 
Audit Report of the 

Commission on 

Jim Huffman for Senate 

(February 25, 2010 - December 31, 2010) 
Table of Contents 

Page 

Part I. Background 

Authority for Audit 1 

Scope of Audit 1 

Part II. Overview of Campaign 

Campaign Organization 2 

Overview of Financial Activity 2 

Part III. Commission Finding 3 
Parti 

Background 

Authority for Audit 

This report is based on an audit of Jim Huffman for Senate, 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 committees 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 risk 

factors and as a result, this audit examined: 

1. the receipt of excessive contributions and loans; 

2. the receipt of contributions from prohibited sources; 

3. the disclosure of contributions received; 

4. the disclosure of individual contributors' occupation and name of employer; 

5. the consistency between reported figures and bank records; 

6. the completeness of records; and 

7. other committee operations necessary to the review. 
Part II 

Overview of Campaign 

Campaign Organization 

Important Dates 

• Date of Registration March 3,2010 

• Audit Coverage February 25,2010 - December 31,2010 

Headquarters Alexandria, Virginia 

Bank Information 

• Bank Depositories Two 

• Bank Accounts Two 

Treasurer 

• Treasurer When Audit Was Conducted Lisa Lisker 

• Treasurer During Period Covered by Audit Todd Stucky, March 8, 2010 to March 

23,2010 

Lisa Lisker, March 24,2010 to present 

Management Information 

• Attended FEC Campaign Finance Seminar No 

• Who Handled Accounting and 

Recordkeeping Tasks 

Paid staff 

Overview of Financial Activity 

(Audited Amounts) 

Cash-on-hand February 25,2010 $ 0 

o Contributions from Individuals 949,864 

o Contributions from Other Political 51,200 

Committees 

o Loans from the Candidate 1,350,000 

o Offsets/Other Receipts 24,723 

Total Receipts $ 2,375,787 

o Operating Expenditures 2,200,329 

o Refunds/Transfers to Other Committees 1,346 

o Other Disbursements 3,000 

Total Disbursements $ 2,204,675 

Cash-on-hand @ December 31,2010 $ 171,112 
Part III 

Commission Finding 

Based upon a limited examination of the statements and reports filed, and the records 

presented by Jim Huffman for Senate, no material non-compliance was discovered. A 

separate matter related to Candidate loans during the audit period has been addressed in 

MUR 6417.