Part I
Background

Authority for Audit

This report is based on an audit of the Boston Host Committee, undertaken by the Audit
Division of the Federal Election Commission (the Commission) as mandated by Section
9008.54 of Title 11 of the Code of Federal Regulations. That section states the Commission

shall conduct an examination and audit of each host committee registered under 11 CFR
§9008.51.

Scope of Audit

The audit examined:

The receipt of contributions from prohibited sources.

The disclosure of contributions and other receipts.

The disclosure and nature of disbursements.

The disclosure of debts and obligations.

The completeness of records.

The consistency between reported figures and bank records.
Other committee operations necessary to the review.

NAWLYNS

Inventory of Committee Records

The Audit staff routinely conducts an inventory of committee records before it begins the
audit fieldwork. The Boston Host Committee’s records were materially complete and the
fieldwork began immediately.


Table of Contents

Part I. Background
Authority for Audit
Scope of Audit
Inventory of Committee Records

Part II. Overview of Committee

Committee Organization
Overview of Financial Activity

Part III. Findings and Recommendations

Page

wn


Part II

Overview of Committee

Committee Organization

Important Dates

Boston Host Committee

° Date of Registration

November 25, 2002

. Audit Coverage

November 25, 2002 — December 31, 2004

Headquarters

Boston, Massachusetts

Bank Information

° Bank Depositories

a

° Bank Accounts

20 accounts - 5 checking and 15 investment

Treasurers

° Treasurer When Audit Was Conducted

James F. X. Doherty

° Treasurer During Period Covered by Audit

Cheryl M. Cronin, James F.X. Doherty

Management Information

° Attended FEC Campaign Finance Seminar

No

. Used Commonly Available Campaign
Management Software Package

Yes

. Who Handled Accounting, Recordkeeping
Tasks and Other Day-to-Day Operations

Paid Consultant



FEDERAL ELECTION COMMISSION
WASHINGTON, D.C 20463

May 31, 2005
MEMORANDUM
TO: ROBERT W. BIERSACK
PRESS OFFICER
PRESS OFFICE

FROM:

SUBJECT:

4
JOSEPH F. STOLTZ ( fu
ASSISTANT STAFF ®IRECTOR
AUDIT DIVISION. *

PUBLIC ISSUANCE OF THE AUDIT REPORT ON
THE BOSTON HOST COMMITTEE

Attached please find a copy of the audit report on the Boston Host Committee
which was approved by the Commission on May 19, 2005.

All parties involved have received informational copies of the report and the report
may be released to the public.

Attachment as stated

ce: Office of General Counsel
Office of Public Disclosure
Reports Analysis Division
FEC Library
Web Manager


Overview of Financial Activity

(Audited Amounts)

Cash on hand @ November 25, 2002 $0
Receipts

o Contributions to Defray Convention Expenses $26,537,654
o Refunds, Rebates, Returns of Deposits Relating to 891,666

Convention Expenses

o Other Refunds, Rebates, Returns of Deposits 116,203
o Other Receipts 29,302,299
Total Receipts $56,847,822
Disbursements

o__Convention Expenses $40,775,805
© Other Disbursements 9,656,761
Total Disbursements $50,432,566
Cash on hand @ December 31, 2004 $6,415,256

Part III
Findings and Recommendations

Based upon our examination of the reports and statements filed, and the records presented
by the Boston Host Committee, no material non-compliance was discovered.


Report of the Audit Division
on the

Boston Host Committee
November 25, 2002 - December 31, 2004

Why the Audit

Was Done

The Commission
audits each host
dommittee or
municipal fund that
represents a city where
a publicly financed
nominating convention
is held. The audit
seeks to determine if
the committee has
materially complied
with the prohibitions
and disclosure
requirements of the
election law.'

Future Action
The Commission may
initiate an enforcement
action, at a later time,
with respect to any of
the matters discussed
in this report.

About the Committee (p. 2)

The Boston Host Committee, headquartered in Boston, Massachusetts, is
the committee responsible for hosting the 2004 Democratic National
Convention. For more information, see the chart on the Committee
Organization, p. 2.

Financial Activity (p. 3)
« = Receipts

o Contributions to Defray Convention $ 26,537,654
Expenses

o Refunds, Rebates, Returns of Deposits 891,666
Relating to Convention Expenses

o Other Refunds, Rebates, Returns of 116,203
Deposits

o Other Receipts 29,302,299

o Total Receipts $56,847,822

e Disbursements

o Convention Expenses $40,775,805

o Other Disbursements 9,656,761

o Total Disbursements $50,432,566

Findings and Recommendations (p. 3)

Based upon our examination of the reports and statements filed, and the
records presented by the Boston Host Committee, no material non-
compliance was discovered.

"11 CFR §9008.54,


Report of the
Audit Division on the
Boston Host Committee

November 25, 2002 - December 31, 2004