THE FEDERAL ELECTION COMMISSION 

Washington, DC 20463 

Final Addendum Audit Report of the Commission on the 

Committee on Arrangements for the 2012 Republican 

National Convention 

Summary 

On September 23,2014, the Committee made a repayment of unspent convention funds 

totaling $694,328 to the U.S. Treasury. This amount is more than the amount set forth in 

the Commission's final determination of August 18,2014. The primary basis for the 

additional excess funds repayment totaling $25,654 was the difference in actual to 

estimated winding down costs and the shortening of the winding down period. The Audit 

staff has prepared a revised Statement of Net Outstanding Convention Expenses below 

that reflects these adjustments. 

Legal Standard 

A. Entitlement to Payments From the Fund. The national committee of a major party 

shall be entitled to payments with respect to any presidential nominating convention, in 

amounts that in the aggregate shall not exceed $4,000,000, as adjusted by the Consumer 

Price Index. The major party entitlemient for the 2012 nominating convention was 

$18,248,300. 26 U.S.C. §9008(b)(l) & (5). 

B. Repayments. Any portion of the entitlement that remains unspent after all convention 

expenses have been paid shall be returned to the Secretary of the Treasury. The national 

committee or convention committee shall make an interim repayment of unspent funds 

based on the financial position of the committee as of the end of the ninth month 

following the last day of the convention, allowing for a reasonable amount as determined 

by the Commission to be withheld for unanticipated contingencies. The interim 

repayment shall be made no later than 30 calendar days after the end of the ninth month 

following the last day of the convention. 11 CFR §9008.12(b)(5). 

All unspent funds shall be repaid to the U.S. Treasury no later than 24 months after the 

last day of the convention unless the national committee has been granted an extension of 

time. The Commission may grant any extension of time it deems appropriate upon 

request of the national committee. 11 CFR §9008.12(b)(5)(iii). 

C. Repayment Determination Procedures. The Commission will follow the same 

repayment determination procedures, and the committee has the same rights and 

obligations as are provided for repayment determinations involving publicly funded 

candidates under 11 CFR 9007.2(c) through (h). 11 CFR §9008.12(c). 
D. Addenda to the Audit Report. Addenda to the audit report may be approved and 

issued by the Commission from time to time as circumstances warrant and as additional 

information becomes available. The addenda will be placed on the public record and 

may also include additional repayment determinations. 11 CFR §9038.1(d)(3). 

E. Net Outstanding Campaign Expenses. A convention committee shall file, no later 

than 60 days afrer the last day of the convention, a statement of that committee's "net 

outstanding convention expenses." This statement must contain, among other things: 

• The total of all committee assets including cash on hand, amounts owed to the 

committee and capital assets listed at their fair market value; 

• The total of all outstanding obligations for qualified campaign expenses; and 

• An estimate of necessary winding-down costs. 11 CFR §9008.10(g). 

Facts and Analysis 

A. Facts 

The Committee submitted a Request for Extension to Make Final Repayment of Unspent 

Convention Funds on August 21,2014. The Committee's extension request raised two 

points to support "good cause" for the extension: 1) the timing of the Commission's 

issuance of the FAR; and 2) the considerations which would result in a more accurate 

amount of unspent convention funds being repaid and publicly disclosed. 

On August 29,2014, the Commission granted the Committee's request for an extension 

to make final repayment of unspent convention funds to September 30,2014. On 

September 23,2014, the Committee made a repayment of unspent convention funds 

totaling $694,328 to the U.S. Treasury. This amount is more than the amount set forth in 

the Commission's final determination of August 18,2014. The primary basis for the 

payment of additional unspent funds totaling $25,654 was the difference in the 

Committee's actual versus its estimated winding down costs and the shortening of the 

winding down period. The Audit staff has prepared a revised Statement of Net 

Outstanding Convention Expenses below that reflects these adjustments. 
Statement of Net Outstanding Convention Expenses 

As of October 14,2012 

Prepared Through September 30,2014 

Assets 

Cash in Bank 

Accounts Receivable 

Total Assets 

Liabilities 

Accounts Payable for Qualified Convention 

Expenses at 10/14/12 

Winding Down Costs 

Actual 10/15/12-9/30/14 

Total Liabilities 

Net Outstanding Convention Expenses (Surplus) 

as of October 14,2012 

Less: Interim Repayment made June 28,2013 

Amount Repayable to the United States Treasury 

$2,556,924 

1.051.589 

$3,608,513 

$1,840,027 

724,158 

$2.564.185 

$1,044,328 

($350,000) 

$694,328 

Commission Conclusion 

On November 7,2014, the Commission considered the Audit Division's recommendation 

that it determine that $694,328 in unspent convention funds is repayable to the United 

States Treasury. 

The Commission approved the Audit Division's recommendation.