FEDERAL ELECTION COMMISSION 

WASHINGTON, D.C. 20463 

November 14, 2008 

Ms. Nancy H. Watkins, Treasurer 

Roskam for Congress Committee 

610 S. Boulevard 

Tampa, FL 33606 

Dear Ms. Watkins: 

Attached please find the Report of the Audit Division on the Roskam for 

Congress Committee. The Commission approved this report on November 5,2008. 

The Commission approved Final Audit Report will be placed on the public record 

on November 21, 2008. Should you have any questions regarding the public release of 

this report, please contact the Commission's Press Office at (202) 694-1220. 

Any questions you may have related to matters covered during the audit or in the 

report should be directed to Terry O'Brien or Marty Favin of the Audit Division at (202) 

694-1200 or toll free at (800) 424-9530. 

Sincerely, 

.s:run.ri4-CfJ~

Wanda J. Thomas 

Acting Assistant Staff Director 

Audit Division 

Attachment as stated 

cc: William J. McGinley, Counsel 
Report of the 

Audit Division on the 

Roskam for Congress Committee 

April 18, 2005 - December 31, 2006 

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. I The audit 

determines whether the 

committee complied with 

the limitations, 

prohibitions and 

disclosure requirements 

of the Act. 

Future Action 

The Commission may 

initiate an enforcement 

action, at a later time, 

with respect to any of the 

matters discussed in this 

report. 

2 U.S.c. §438(b). 

About the Campaign (p. 2) 

The Roskam for Congress Committee is the principal campaign 

committee for Peter Roskam, Republican candidate for the U.S. 

House of Representatives from the state of Illinois, 6th District, 

and is headquartered in Wheaton, IL. For more information, see 

the chart on the Campaign Organization, p. 2. 

Financial Activity (p. 2) 

•	 Receipts 

o	 From Individuals $ 1,922,138 

o	 From Other Political Committees 1,169,208 

o	 From Transfers from Other 358,932 

Authorized Committees 

o	 Other Receipts 2,086 

o	 Total Receipts $ 3,452,364 

•	 Disbursements 

o Operating Expenditures	 $ 3,344,921 

o Contribution Refunds	 17,904 

o Total Disbursements	 $ 3,362,825 

Finding and Recommendation (p. 3) 

•	 Misstatement of Financial Activity 

I 
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. Summary 

Finding and Recommendation 3
 

Part IV. Finding and Recommendation 

Misstatement of Financial Activity 4
 
1 

Part I 

Background 

Authority for Audit 

This report is based on an audit of the Roskam for Congress Committee (RCC), 

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, the scope of this audit was limited to the following: 

1. The consistency between reported figures and bank records; and 

2. The disclosure of individual contributors' occupation and name of employer. 
2 

Part II 

Overview of Campaign 

Campaign Organization 

Important Dates Roskam for Conzress Committee 

• Date of Registration 

• Audit Coverage 

April 21,2005 

April 18,2005 - December 31,2006 

Headquarters Wheaton, IL 

Bank Information 

• Bank Depositories One 

• Bank Accounts One checking account 

Treasurer 

• Treasurer When Audit Was Conducted Nancy H. Watkins 

• Treasurer During Period Covered by Audit Robert Earl/Christopher J. Ward 

Management Information 

• Attended FEC Campaign Finance Seminar Unknown 

• Used Commonly Available Campaign 

Management Software Package 

Yes 

•	 Who Handled Accounting and Treasurer 

Recordkeeping Tasks 

Overview of Financial Activity 

(Audited Amounts) 

Cash on hand @ April 18, 2005 $0 

Receipts . 0 From Individuals $1,922,138 

0 From Other Political Committees 1,169,208 

0 From Transfers from Other Authorized 

Committees 

358,932 

0 Other Receipts 

Total Receipts 

2,086 

$ 3,452,364 

Disbursements 

0 Operating Expenditures $3,344,921 

0 Contribution Refunds 17,904 

Total Disbursements $ 3,362,825 

Cash on hand @ December 31, 2006 $ 89,539 
3 

Part III 

Summary 

Finding and Recommendation 

Misstatement of Financial Activity 

A comparison of reported figures to bank records revealed that RCC overstated its 

December 31,2006 cash on hand balance by $51,376. The Audit staff recommended that 

RCC amend the cash balance on its most recently filed report in the amount of $51,376 

with an explanation that the change resulted from a prior period audit adjustment; and, 

reconcile its reported figures to bank records for subsequent periods in order to assure the 

current reported cash is correct. In response, RCC materially corrected the misstatement. 

(For more detail, see p. 4) 
4 

Part IV
 

Finding and Recommendation
 

IMisstatement of Financial Activity 

Summary 

A comparison of reported figures to bank records revealed that RCC overstated its
 

December 31,2006 cash on hand balance by $51,376. The Audit staff recommended that
 

RCC amend the cash balance on its most recently filed report in the amount of $51,376
 

with an explanation that the change resulted from a prior period audit adjustment; and,
 

reconcile its reported figures to bank records for subsequent periods in order to assure the
 

current reported cash is correct. In response, RCC materially corrected the misstatement.
 

Legal Standard
 

Contents of Reports. Each report must disclose:
 

•	 The amount of cash on hand at the beginning and end of the reporting period; 

•	 The total amount of receipts for the reporting period and for the calendar year; and 

•	 The total amount of disbursements for the reporting period and for the calendar year. 

2 U.S.C. §434(b)(l), (2) and (4). 

Facts and Analysis 

The Audit staff reconciled RCC' s reported acti vity to its bank records for the period 

covered by the audit and determined that the ending cash on hand balance at December 

31,2006 was overstated by $51,376. This was primarily due to RCC not reporting or 

under reporting its payroll and payroll taxes in 2006, mostly between July and October. 

At the exit conference, the Audit staff explained the misstatement and subsequently 

provided RCC representatives with schedules detailing the discrepancy. The 

representati ves indicated that the necessary amendments would be filed. 

Interim Audit Report Recommendation and Committee Response 

The Audit staff recommended that RCC: 

•	 amend the cash balance on its most recently filed report in the amount of $51,376 

with an explanation that the change resulted from a prior period audit adjustment; 

and, 

•	 reconcile its reported figures to bank records for subsequent periods in order to 

assure the current reported cash is correct. 

In response, RCC materially corrected the cash balance on its 2008 Pre-Primary report 

with an explanation for the change. In addition, RCC Counsel noted that they had 

reconciled reported figures to bank records for periods subsequent to the period covered 

by the audit.