Final Audit Report of the 

Commission on the Zeneca Inc. 

Political Action Committee (AZ 

PAC) 

January 1, 2015 - December 31, 2016 

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 (p. 2) 

The Zeneca Inc. Political Action Committee (AZ PAC) is a 

separate segregated fiind. It is qualified for multi-candidate status 

and is headquartered in Wilmington, Delaware. For more 

information, see the chart on the Committee Organization, p.2. 

Financial Activity (p. 2) 

• Receipts 

o Contributions from Individuals 

o Transfers from Affiliated 

Committees 

o Refunds of Federal 

Contributions 

Total Receipts 

• Disbursements 

o Operating Expenditures 

o Contributions to Federal 

Candidate's/Other Committees 

o Other Disbursements 

Total Disbursements 

$ 1,198,648 

106,643 

7,000 

$ 1,312,291 

$375 

912,500 

274,600 

$ 1,187,475 

Commission Finding (p. 3) 

Based upon a limited examination of the statements and reports 

filed, and the records presented by Zeneca Inc. Political Action 

Committee (AZ PAC), no material non-compliance was 

discovered. 

• S2U.S.C.§30lll(b). 
Final Audit Report of the 

Commission 

on the 

Zeneca Inc. Political Action 

Committee (AZ PAC) 

January 1, 2015 - December 31, 2016 
Table of Contents 

Page 

Part I. Background 

Authority for Audit 1 

Scope of Audit I 

Part II. Overview of Committee 

Committee 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 the Zeneca Inc. Political Action Coihmittee (AZ 

PAC)^ 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 52 U.S.C. 

§30111(b), which permits the Commission to conduct audits and field investigations of 

any political committee that is required to file a report under 52 U.S.C. §30104. 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. 52U.S.C.§301ll(b). 

Scope of Audit 

Following Commission-approved procedures, the Audit staff evaluated various risk 

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; and 

3. other committee operations necessary to the review. 

' On Februaiy 2,2018, the Commission received a Statement of Organization from the Zeneca Inc. 

Political Action Committee ofTicially changing its name to Zeneca Inc. Political Action Committee (AZ 

PAC). 
Part II 

Overview of Committee 

Committee Organization 

Important Dates 

• DateofReeistration January 19,1993 

• Audit Coverage January 1,201S - December 31,2016 

Headquarters Wilmington, Delaware 

Bank Information 

• Bank Depositories One 

• Bank Accounts One checking; one savings 

Treasurer 

• Treasurer When Audit Was Conducted Kelly Rolison 

• Treasurer During Period Covered by Audit Kelly Rolison 

Management Information 

• Attended FEC Campaign Finance Seminar No 

• Who Handled Accounting and 

Recordkeeping Tasks 

Volunteer Staff 

Overview of Financial Activity 

(Audited Amounts) 

Cash-on-hand ® January 1,2015 $ 108.653 

Receipts 

o Contributions Irom Individuals 1,198.648 

o Transfers from Affiliated Committees 106.643 

o Refunds of Federal Contributions 7.000 

Total Receipts $ 1312.291 

Disbursements 

o Operating Expenditures 375 

o Contributions to Federal Candidates/Other 

Committees 912.500 

o Other Disbursements 274.600 

Total Disbursements S 1.187.475 

Cash-on-hand @ December 31,2016 S 233,469 
Part III 

Commission Finding 

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

present^ by Zeneca Inc. Political Action Committee (AZ FAG), no material noncompliance was discovered.