REPORT OF THE AUDIT DIVISION
COMMITTEE TO REVERSE THE ACCELERATING GLOBAL
ECONOMIC AND STRATEGIC CRISIS:
A LAROUCHE EXPLORATORY COMMITTEE
The Committee to Reverse the Accelerating Global Economic and Strategic Crisis: A LaRouche Exploratory Committee (the Committee) registered with the Federal Election Commission on August 30, l993. The Committee was the principal campaign committee of Lyndon H. LaRouche, Jr., a candidate for the 1996 Democratic presidential nomination.
The audit was conducted pursuant to 26 U.S.C. §9038(a), which requires the Commission to audit committees that receive Federal Funds. The Committee received $624,692 in matching funds from the U.S. Treasury.
The findings of the audit were presented to the Committee in an Exit Conference Memorandum on April 8, l997. The Committees reponse has been included in the audit report.
The following is an overview of the finding contained in the audit report.
Amounts due to the U.S. Treasury 11 CFR §§9038.2(b)(1) and (4), and 9038.3(c)(1). The audit report concluded that the candidate is required to repay $26,718 to the U.S. Treasury. The amount is comprised of surplus matching funds ($25,681) and contributions that were matched and later determined to have been non-matchable ($1,037). On June 11, l996 the Committee made a repayment of $24,140 to the United States Treasury, leaving a balance due of $2,578.