Final Audit Report of the 

Commission on the National 

Association of Health 

Underwriters PAC (HUPAC) 

January 1, 2007 - December 31, 2008 

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 Committee (page 2) 

The National Association of Health Underwriters PAC (HUPAC) is 

a political action committee headquartered in Arlington, VA. For 

more information, see chart on the Committee Organization, page 2. 

Financial Activity (page 2) 

o Receipts 

o Contributions from Individuals 

o Other Receipts 

Total Receipts 

Disbursements 

o Operating Expenditures 

o Contributions to Federal Committees 

and Candidates 

o Other Disbursements 

Total Disbursements 

$695,054 

4,918 

$699,972 

$ 58,307 

539,750 

49.136 

$ 647,193 

Commission Finding (page 3) 

Based upon a limited examination of the disclosure reports filed, the 

bank statements provided, and the records presented by the National 

Association of Health Underwriters PAC (HUPAC), the 

Commission found no significant non-compliance. 

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

Commission on the National 

Association of Health 

Underwriters PAC (HUPAC) 

January 1, 2007 - December 31, 2008 
Table of Contents 

Page 

Part I. Background 

Authority for Audit 1 

Scope of Audit 1 

Part II. Overview of Committee 

Committee Organization 2 

Overview of Financial Activity 2 

Part in. Commission Finding 3 
Parti 

Background 

Authority for Audit 

This report is based on an audit of the National Association of Health Underwriters PAC 

(HUPAC). undertaken by die 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 factors 

and as a result, this audit examined: 

1. The disclosure of individual contributors* occupation and name of employer. 

2. The consistency between reported figures and bank records. 
Part II 

Overview of Coinmittee 

Committee Organization 

Important Dates National Association of Health 

Underwriters PAC (HUPAC) 

• Date of Registration August 12,1993 

• Audit Coverage January 1,2007 - December 31.2008 

Headquarters Arlington. VA 

Bank Information 

• Bank Depositories Two 

• Bank Accounts Three 

Treasurer 

• Treasurer When Audit Was Conducted Jennifer Murphy 

• Treasurer During Period Covered by Audit Wade S. Williams (11/17/2005 - 8/9/2007) 

Jennifer Murphy (8/10/2007 - Present) 

Management Information 

• Attended FEC Campaign Finance Seminar No 

• Used Commonly Available Campaign 

Management Software Package 

Yes 

• Who Handled Accounting and 

Recordkeeping Tasks 

Paid Consulting Firm 

Overview of Financial Activity 

(Audited Amounts) 

Cash on hand @ January 1,2007 $ 41,978 

o Contributions from Individuals 695.054 

o Other Receipts 4,918 

Total Receipts $ 699,972 

o Operating Expenditures 58.307 

o Contributions to Federal Conmiittees and 539.750 

Candidates 

o Other Disbursements 49.136 

Total Disbursements $647,193 

Cash on hand @ December 31,2008 $ 94,757 
Part HI 

Commission Finding 

Based upon a limited examination of the disclosure reports filed, the bank statements 

provided, and the records presented by National Association of Health Underwriters PAC 

(HUPAC), the Commission found no signiflcant non-compliance.