FEDERAL ELECTION COMMISSION 

WASHINGTON, D.C. 20463 

November 14, 2008 

Ken Mikalauskas, Treasurer 

Comcast Corporation Political Action Committee 

1500 Market Street, 35th Floor 

Philadelphia, PA 19102 

Dear Mr. Mikalauskas: 

Attached, please find the Report of the Audit Division on Comcast Corporation 

Political Action Committee. The Commission approved this report on November 6, 

2008. 

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

on November 24, 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 Nicole Burgess or Thomas Nurthen of the Audit Division at 

(202) 694-1200 or toll free at (800) 424-9530. 

Sincerely, 

Jrtvrv~~~

Wanda J. Thomas 

Acting Assistant Staff Director 

Audit Division 

Attachment as stated 
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. 1 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. 

Report of the 

Audit Division on the 

Comcast Corporation Political 

Action Committee 

January 1,2005 - Decernber 31,2006 

About the Committee (p.2) 

Comcast Corporation Political Action Committee (CCP) is the 

separate segregated fund of Comcast Corporation. CCP qualified 

for multi-candidate status on May 31. 1991. and is headquartered 

in Philadelphia. PA. For more information. see the chart on 

Committee Organization, p. 2. 

Financial Activity (p. 2) 

•	 Receipts 

o From Individuals	 $ 1.443,477 

o	 Refunds of Contributions to 

Federal Candidates/Committees 25.133 

o Other Receipts	 24.716 

o TotaJ Receipts	 s J,493,32h 

•	 Disbursements 

o Contributions to Federal 

Candidates/Committees $ 1.635,600 

o Contribution Refunds	 8.000 

o Operating Expenditures	 5.160 

o Other Disbursements 165.758 

c TotaJ Disbursements s J,8J4,5J8 

Findings and Recommendations (p. 3)
 

Based on the limited examination of the reports and statements
 

filed. and the records presented by Comcast Corporation Political
 

Action Committee, no material non-compliance was discovered.
 

] :2 usc. ~438(b)"
Table of Contents
 

Part I. Background 

Authority for Audit 

Scope of Audit 

Page 

Part II. Overview of Committee 

Committee Organization 

Overview of Financial Activity 

2 

2 

Part III. Findings and Recommendations 3 
Part I 

Background 

Authority for Audit 

This report is based on an audit of the Comcast Corporation Political Action Committee 

(CCP), undertaken by the Audit Division of the Federal Election Commission (the 

Commission) in accordance with the Federal Election Campaign Act of] 971, 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: 

I. The disclosure of occupation/name of employer regarding individual contributions. 

2. The consistency between reponed figures and bank records. 

3. Contributions made to federal candidates. 
2 

Part II 

Overview of Committee 

Committee Organization 

Important Dates CCP 

• Date of Registration October 4. 1990 

• Audit Coveraae January I. 2005 - December 31.2006 

Headquarters Philadelphia. PA 

Bank Information 

• Bank Depositories Two 

• Bank Accounts Checking Account 

lnvestment Account 

Treasurer 

• Treasurer When Audit Was Conducted I Kenneth Mikalauskas 

• Treasurer During Period Covered by Audit Kenneth Mikalauskas 

Management Information 

• Attended FEC Campaign Finance Seminar 

• Used Commonly Available Campaign 

Management Software Package 

Paid Staff 

Recordkeeping Tasks 

• Who Handled Accounting and 

Overview of Financial Activity 

(Audited Amounts) 

Cash on hand @ January], 2005 $ 599,950 

o From lndividuals $ 1,443,477 

o Refunds from Candidates 25,133 

o Other Federal Receipts 24,716 

Total Receipts $ ],493,326 

c Contributions to Candidates/Committees $ ].635.600 

o Contribution Refunds 8,000 

c Operating Expenditures 5,160 

c Other Disbursements 165.758 

Total Disbursements S ],8]4,5]8 

Cash on hand @ December 3],2006 S 278,758 
3 

Part III Findings and Recommendations 

Based on the limited examination of the reports and statements filed. and the records 

presented by Comcast Corporation Political Action Committee, no material noncompliance was discovered.