REPORT of the AUDIT DIVISION

ON

DR. JOHN HAGELIN FOR PRESIDENT, 1996

 

EXECUTIVE SUMMARY

 

 

 

Dr. John Hagelin for President, 1996 (the Committee) registered with the Federal Election Commission on August 7, 1995 as the principal campaign committee of the Natural Law Party candidate for the office of President of the United States.

 

The audit was conducted pursuant to 26 U.S.C. 9038(a), which requires the Commission to audit committees that receive matching funds. The Committee received $504,831 in matching funds.

 

At an exit conference held on April 14, 1998, the Committee was informed that no material non-compliance with the Federal Election Campaign Act of 1971 as amended or Chapter 96 of Title 26 of the United States Code was detected during the audit. In addition, an Exit Conference Memorandum (ECM) acknowledging this information was mailed to them on that date. The ECM also addressed the Committee’s Statement of Net Outstanding Campaign Obligations which was prepared based on a review financial activity through December 31, 1996. It was determined that the Committee did not receive matching funds in excess of the amount to which it was entitled.