Part II

2

Overview of Campaign

Committee Organization

Important Dates

| Committee to Re-elect Loretta Sanchez

° Date of Registration

September 8. 1997

° Audit Coverage

January 1. 200] - December 31. 2002

Headquarters

Burbank. California

Bank Information

a Bank Depositories

a

. Bank Accounts

3 checking. 2 investment. & certificates of deposits

Treasurers

. Treasurer When Audit Was Conducted

Kinde Durkee & Associates

. Treasurer During Period Covered by Audit

Kinde Durkee & Associates

Management Information

° ‘Attended FEC Campaign Finance Seminar No

Used Commonly Available Campaign ' No
Management Software Package !

e Filed Reports Electronically Yes

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

Paid Consultant

. Staff Has Previous Campaign Finance And
Accounting Experience

‘Yes



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Table of Contents

Part I. Background
Authority for Audit
Scope of Audit

Changes to the Law

Part Il. Overview of Campaign
Committee Organization

Overview of Financial Activity

Part III. Findings and Recommendations


Overview of Financial Activity
(Audited Amounts}

Cash on hand @ January 1, 2001 $1,263,587
Receipts

o From individuals
From Other Political Committees

°

© Offsets to Operating Expenditures

co Other Receipts

co Total Receipts $1,431,871
Disbursements

© Operating & Other Disbursements i $1.244.290

© Total Disbursements i $1,244,290
Cash on hand @ December 31. 2002 $1,450,868

Part III
Findings and Recommendations

Based upon our examination of the reports and statements filed. and the records presented
by the Committee to Re-elect Loretta Sanchez. no material non-compliance was discovered.



FEDERAL ELECTION COMMISSION
Washington, DC 20463

August 13, 2003

MEMORANDUM

TO: RON M. HARRIS
PRESS OFFICER
PRESS OFFICE

Joep
FROM: JOSEPH F. STOLTZ * MO
ASSISTANT STAFF DIRECTOR
AUDIT DIVISION

SUBJECT: PUBLIC ISSUANCE OF THE AUDIT REPORT ON THE
COMMITTEE TO RE-ELECT LORETTA SANCHEZ

Attached please find a copy of the audit report and related documents on the
Committee to Re-elect Loretta Sanchez, which was approved by the Commission on Apri!

22, 2003.

The report may be released to the public on August 13, 2003.

Attachment as stated

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


Report of the Audit Division

on the

Committee to Re-elect Loretta Sanchez
January 1, 2001 ~ December 31, 2002

Why the Audit

Was Done

Federal law permits the
Commission to conduct
an audit and field
investigation 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.

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 Committee to Re-elect Loretta Sanchez is the principal campaign
committee for Loretta Sanchez, Democratic candidate for the U.S.
House of Representatives from the state of California, 46" District, and
is headquartered in Burbank, California. For more information, see the
chart on the Committee Organization, p.2.

Financial Activity (p. 3)

¢ = Receipts
o From Individuals $854,518
o From Other Political Committees 482,509
© Offsets to Operating Expenditures 26,732
© Other Receipts 67,812
© Total Receipts $1,431,571
e Disbursements
o Operating & Other Disbursements $1,244,290
© Total Disbursements $1,244,290

Findings and Recommendations (p. 3)

Based upon our examination of the reports and statements filed, and the
records presented by the Committee to Re-elect Loretta Sanchez, no
material non-compliance was discovered.

"2 U.S.C. §438(b).


Report of the

Audit Division on the
Committee to Re-elect
Loretta Sanchez

January 1, 2001 - December 31, 2002