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View Full Version : June RPPCC FEC Report filed... still $4.5M on hand




WRellim
06-20-2008, 07:54 PM
Source:
http://query.nictusa.com/cgi-bin/dcdev/forms/C00432914/345700/

1. Ron Paul 2008 Presidential Campaign Committee
837 W Plantation Dr
Clute, Texas 77531
2. FEC Committee ID #: C00432914
4. Report Type = JUN MONTHLY Filed 6/20/2008
5. Covering Period 05/01/2008 Through 05/31/2008
6. Cash on Hand at BEGINNING of the Reporting Period....... 4,715,091.80
7. Total Receipts This Period................................ 133,215.26
8. Subtotal (6 + 7)........................................ 4,848,307.06
9. Total Disbursements This Period........................... 321,983.18
10. Cash on Hand at CLOSE of the Reporting Period.......... 4,526,323.88
11. Debts and Obligations Owed TO the Committee.................... 0.00
12. Debts and Obligations Owed BY the Committee.................... 0.00
13. Expenditures Subject To Limitation............................. 0.00
14. NET Contributions (Other than Loans).................. 34,345,650.00
15. NET Operating Expenditures............................ 29,970,785.55
RPPCC Still had $4.5 MILLION on hand as of 5/31.

Here's a breakdown of how the $322K of "expenses" (categories over $2K) was spent in MAY:

Salaries................................... 62,452.59
Payroll Tax Expense........................ 50,634.51
Airline Travel............................. 37,068.40
Consulting-Political Field Work............ 25,195.00
Reimbursement Expenses..................... 22,861.38
Rent Expense............................... 20,034.88
Credit Card Payment........................ 14,305.74
WEB DESIGN/HOSTING/MAINT................... 12,649.00
Freight/Shipping Expenses................... 8,207.51
Credit Card Processing Fee.................. 5,026.93
Accounting Services......................... 4,255.50
Food Expense................................ 4,002.68
Travel-Hotel Accomodations.................. 3,678.81
Email Services.............................. 3,360.00
Newspaper Ads............................... 2,882.00
General Postage Expense..................... 2,424.58
Telephone Expense........................... 2,309.14
Telecommunications.......................... 2,247.03
Bulk Printing............................... 2,141.61
Media Expense............................... 2,096.48Total expenditures were down from the previous month ($321K vs $470K), but strangely enough total funds RAISED were higher (increasing towards the end of the month... possibly due to mailed in donations being recorded at end?).

No radio or TV advertising (AT ALL) in the month of May (the $2,882 in newspaper ads is interesting). Salaries stayed about the same as the previous month ($62,452.59 vs $63,311.35). Web hosting cost was down substantially (but still pretty high at $12K ...was there that much traffic?)

Substantially more was spent on airline travel (more than TWICE what was spent in March, and factor of 10x more than April) -- one wonders who was flying and where? (I recall one or two trips by Ron... not a big concern because not THAT much was spent, I view this as more of a reflection on how LITTLE travel happened in March and April, when one would have expected ACTIVE campaigning to be taking place, oh well).


We all know the answer now of where the residual money will be going (the edumacational-political-inaction-committee "foundation" thingee) -- but we now have a better idea of exactly how much money will be transferred across (i.e. somewhere near $4.5 Million).

No idea whether next month's report will be interesting or the literal "last one" or not... One would assume before the RPPCC can "transfer" the residual cash to the CFL org, they will need to formally and officially "close-down" the RPPCC.

Hmmm... which makes me realize that THAT may be the reason CFL starting taking donations right away -- they might eventually be "inheriting" the $4.5M... but like money in your "rich uncle's will" you don't get the cash until he "officially" expires! Which means that in the meantime, they may be operating on a shoestring budget of whatever they have been able to raise on their own so far. (But that is sheer speculation.)

Change
06-20-2008, 10:36 PM
Nice. A man with a plan. A slow steady pace, one step and thought at a time. Information is power. It has been the mission of Ron Paul to inform and teach the people of their own powers and abilities afforded to them via the constitution. There is no more important of a task at such a critical time in the hour glass.

As the two candidate for the next six months fight for Presidency of the United States of America, Ron Paul Republicans can hold both their feet to the fire, and move forward to obtain greater power for the people. A Liberty Campaign, shine a light on the dark bills that are ripping our Country apart and selling it off bit by bit to the Global Market.